The White House will publish its policy report today for cryptocurrencies

By Hannah Pérez

The report of the presidential working group on digital asset markets created by Trump, details guidelines on the rules that could govern the cryptocurrency market, but does not seem to touch the plan of a bitcoin reserve.

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• The White House will later publish its highly anticipated policy report relative to cryptocurrencies
• Trump created the presidential working group on digital asset markets and ordered him to write the report.
• The report details the rules that could govern the cryptocurrency market at the federal level.
• It includes recommendations to accelerate crypto integration, but seems to exclude the Bitcoin reserve plan.

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The White House is expected to publish an expected report on Wednesday with the guidelines on the next policies related to cryptocurrencies, shaping President Trump’s plan to make the United States the “Crypto Capital of the World“

The report will provide an idea of the perspective that federal officials have on cryptocurrencies while presenting recommendations for legislators about how they believe the digital asset market should be regulated.

President Donald Trump created the presidential working group on digital asset markets such as Part of an executive decree related to cryptocurrencies signed in January.

Formed by the Secretary of the Treasury, Scott Besent, the Secretary of Commerce, Howard Lutnick, and the president of the Bag and Securities Commission (SEC), Paul Atkins, among other members, that group was responsible for presenting a report that established recommendations for a regulatory framework for digital assets, as part of the order.

Various news media reported on Wednesday that the presidential group is now close to publishing its expected report, which is expected to address a wide range of issues, including federal supervision and fiscal policy for cryptocurrencies.

Report Details guidelines for cryptocurrency rules

Among the recommendations, the group asks financial regulation agencies “Allow the trade of digital assets at the federal level to provide clarity to market participants on issues such as registration, custody, trade and record maintenance”as reported COINDESK.

In this line of ideas, the report calls for Congress to approve Clarity Law, which proposes a framework to regulate the cryptocurrency market and eliminates. The gaps in regulatory supervision, added Bloomberg.

This legislation, which was approved by the House of Representatives and waiting for the Senate review, would grant the Basic Products Trade Commission (CFTC) authority for “Supervise markets in cash of digital shelf unrelated to safety”And measures that adopt decentralized financial technologies (DEFI).

The newspapers, who cite an information sheet on the White House report, said that among the recommendations, the group requires allowing “What innovative financial products come to consumers without bureaucratic delays“recognizing the benefits that the integration of solutions such as defi loans can have in general finances.

The report also presses regulators to clarify “allowed banking activities“Regarding cryptocurrencies, stablcoins and technology use Blockchainaccording to coverage.

No comments on the Bitcoin Reserve

According to COINDESKthe Stablecoins They occupy a central role in the preview of the report, qualifying them for their ability to help strengthen the role of the US dollar. The Genius Law, which Trump signed at the beginning of the month, addresses this kind of assets with fiduciary parity, establishing a federal framework for the issuers.

The fiscal policy for cryptocurrencies is another aspect that will touch the report, according to the news media. The working group will recommend that the Treasury and the Internal Revenue Service (IRS) review the guidelines issued above on the tax treatment of activities such as mining and the Stakingproviding greater clarity on cryptocurrency taxes.

Meanwhile, A key element that seems to be excluded in the report is Trump’s plan to create a national strategic reserve of Bitcoin and store cryptocurrencies at the federal level.

Among the tasks, the presidential group of digital assets received the order to evaluate the creation of a cryptocurrency reserve. Trump proposed the measure in March through executive order and commissioned Lutnick and Besent to develop neutral budgetary strategies to acquire Bitcoins Additional, provided that these strategies do not imply costs for US taxpayers.

Beyond this apparent absence of a reserve plan BitcoinThe report represents a significant advance for a sector that for years remained outside the norms, without the capacity to enjoy any legitimacy.

“By implementing these recommendations, policy formulators can ensure that the United States leads the blockchain revolution and marks the beginning of the golden age of cryptocurrencies”Said the White House on its information sheet, according to coverage.

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Hannah Estefanía Pérez / Diariobitcoin

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