30-7-2025 – The Trump administration will propose sweeping digital asset reforms aimed at establishing U.S. crypto market leadership, according to a preview of the White House’s Digital Asset Market Task Force report set for release Thursday, first reported by PANews.
The forthcoming document calls for federal regulators including the SEC and CFTC to eliminate regulatory gaps and immediately clarify registration, custody, and trading requirements for digital asset participants. The administration plans to fast-track implementation of previously announced legislation including the GENIUS Act for stablecoin oversight and the Clarity Act for crypto market regulation.
The report endorses integrating decentralized finance technology into traditional banking through regulatory sandboxes and safe harbor provisions, allowing innovative products to reach consumers without lengthy approval processes. While promoting U.S. dollar-backed stablecoins, the administration maintains its opposition to central bank digital currencies, recommending the Anti-CBDC Surveillance State Act to ban CBDCs domestically.
On taxation, the task force urges the Treasury Department and IRS to revise guidance on mining and staking activities while addressing corporate alternative minimum tax treatment and micro-income from digital assets. These changes could significantly simplify cryptocurrency payment adoption across businesses.
The comprehensive strategy reflects executive orders issued early in Trump’s term and represents the administration’s most detailed crypto policy framework to date, signaling potential regulatory shifts that could reshape the U.S. digital asset landscape ahead of broader legislative action.
