White House Crypto Report Sparks ‘Golden Age’ Vision Backed by Trump Era Push

The White House has just unveiled a major crypto policy report from Trump’s Working Group on Digital Asset Markets.

This long‑awaited roadmap outlines steps to bring clarity and support to the booming digital asset sector.

It covers everything from how regulators should share responsibility, to how banks can offer crypto services safely.

The administration aims to seed what it calls the “Golden Age of Crypto” by making legal frameworks simpler, tax rules fairer, and stablecoins federally regulated.

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Key Takeaways

1. Dual oversight proposed. The SEC and CFTC would share crypto authority, with the CFTC covering spot markets.

2. Bank participation encouraged. New guidelines would let banks offer custody, trading, and DeFi services.

3. Stablecoin rules and tax reform. Proposals include dollar‑backed stablecoin law, wash‑sale rules, and crypto‑specific tax treatment.

What Is the White House Crypto Report?

This report is the work of the President’s Working Group on Digital Asset Markets, created by Executive Order 14178 in January.

The group includes leaders from the Treasury, SEC, Commerce, and other agencies. The 160‑page document is the most comprehensive crypto policy guide ever published by the U.S. government.

It responds to Trump’s pledge to make the U.S. the “crypto capital of the world” and calls for policymakers and regulators to act quickly to support innovation while protecting financial integrity.

Rather than starting from scratch, the group builds on the recently passed Digital Asset Market Clarity Act (CLARITY Act) and the GENIUS Act for stablecoin regulation.

It sets out legislative and agency responsibilities across areas like token taxonomy, market structure, banking, AML, and taxation.

Despite earlier talk about a federal crypto reserve, this report does not outline any active plan to expand a U.S. Bitcoin or digital asset stockpile, though officials say infrastructure is being built behind the scenes.

Read Also: US Government Releases Crypto Report! Here’s What’s Inside

Regulatory Clarity: SEC, CFTC, DeFi Roadmap

One of the strongest pushes in the report is for clear roles between the SEC and CFTC. Under the proposed framework:

1. The CFTC would regulate non‑security digital assets, including spot trading of tokens like Bitcoin and Ethereum.

2. The SEC would govern assets deemed securities, including token offerings and certain DeFi instruments.

This separation is meant to eliminate confusion over enforcement and bring consistency to rules governing custody, registration, trading, and custodianship.

It also encourages both agencies to act swiftly using existing rules to enable trading and provide legal certainty sooner rather than later.

Beyond classification, the report welcomes DeFi integration into mainstream finance. It calls on Congress to embrace blockchain innovation through laws like the CLARITY Act and urges regulators to adopt principles‑based custody and custody segregation rules.

Market participants could then offer innovative products with reduced delay and more transparency.

Read Also: Is the White House Planning New Crypto Regulations?

Banks, Stablecoins, AML, and Tax: Building Financial Foundations

In banking, the report advocates for more explicit rules on how banks can custody crypto, issue stablecoins, and partner with DeFi platforms.

It proposes streamlining charter applications and clarifying Fed account procedures for digital‑asset players.

Stablecoins take center stage: the group calls for rapid implementation of the GENIUS Act, requiring fully dollar‑backed stablecoins under federal oversight to preserve U.S. currency dominance in digital markets.

Officials warn that offshore stablecoin growth could undermine the dollar unless the U.S. leads here.

On taxation, the report recommends treating crypto as a new asset class. It includes proposals to extend wash‑sale rules, clarify staking and mining income, report foreign asset holdings (CARF framework), and align IRS and FinCEN reporting obligations to reduce redundancy. 

The aim is to reduce friction and compliance costs seen by crypto users and businesses under existing tax rules.

Finally, the report calls for modernizing anti‑money laundering frameworks under the Bank Secrecy Act to better fit blockchain and crypto activity.

Read Also: White House Crypto Report Reveals Crackdown and Hidden Reserves

Conclusion

The White House crypto report sets out a bold, coordinated vision for U.S. leadership in digital assets.

With clear regulatory assignments, bank participation, stablecoin law, improved taxation, and DeFi-friendly rules, it provides a foundation for what the administration calls the “Golden Age of Crypto.”

It omits new details on the strategic crypto reserve, but signals that infrastructure is under development.

For crypto users and investors, these proposals could transform how platforms are regulated, how taxes are applied, and how innovation is encouraged.

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FAQ

What is the purpose of the crypto report?

The report serves as a roadmap recommending legislation and regulatory action needed for the U.S. to lead in crypto and blockchain innovation.

Who oversees crypto under the new framework?

The CFTC would oversee spot trading for non‑security tokens, while the SEC handles assets deemed securities, with agency collaboration encouraged.

What is the GENIUS Act?

A law passed earlier in 2025 requiring stablecoins issued in the U.S. to be fully backed by liquid U.S. dollar assets and under federal supervision.

How will taxes on crypto change?

The report recommends new rules tailored for crypto, including wash‑sale rules, staking income treatment, and simplified reporting for small transactions.

Is the U.S. still planning a Bitcoin reserve?

The report does not include details on a strategic Bitcoin or digital asset reserve. Officials indicate infrastructure is being built, but no concrete plan is described.

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