The White House presents a framework for a one trillion dollar cryptocurrency strategy under Trump's leadership, outlining America's advancement in the digital economy.
The U.S. government has unveiled a multi-faceted strategy to position America as the global leader in the crypto industry. The plan, outlined in the President's Working Group on Digital Asset Markets' report, aims to provide regulatory clarity, banking reform, and legislation for stablecoins, fostering innovation and leadership in digital financial technology.
Regulatory Clarity and Reform
The report emphasizes the need for American citizens and businesses to own and use digital assets lawfully without fear of prosecution. It calls on Congress to enact laws that clarify regulatory jurisdiction, empowering the Commodity Futures Trading Commission (CFTC) to oversee spot markets for non-security digital assets and allowing the Securities and Exchange Commission (SEC) and CFTC to use safe harbors and regulatory sandboxes to enable innovative financial products to reach the market faster.
Banking and Financial Market Infrastructure
Banking regulators are encouraged to embrace digital assets and blockchain opportunities, avoiding restrictive practices like "Operation Choke Point 2.0." The Federal Reserve has introduced a tiered framework for master account access to banks integrating with digital asset markets, facilitating the operationalization of digital assets within traditional finance.
Stablecoin Adoption
U.S. dollar-backed stablecoins are identified as crucial for advancing U.S. dollar dominance in digital payments. Policymakers are encouraged to support the adoption of stablecoins for retail and commercial applications, including embedded payments and cross-border commerce.
Law Enforcement Tools
The report stresses the importance of equipping law enforcement with appropriate tools to pursue illegal activity involving digital assets while ensuring these tools are not misused against lawful users.
Tax Policy Updates
Federal tax regulations are recommended to evolve to accommodate the unique nature of digital assets, providing clearer guidance for investors and entrepreneurs.
Modernizing Anti-Money Laundering (AML) Regulations
The plan includes modernizing AML regulations, specifically in the self-custody and Decentralized Finance (DeFi) sectors.
Supporting DeFi
The plan signals a shift in attitude towards DeFi, treating it as a pillar of financial innovation. The plan encourages the use of safe harbors and regulatory sandboxes to fast-track innovative financial products, particularly Decentralized Finance (DeFi).
Legislation for Stablecoins
The GENIUS Act, signed into law on July 18, 2025, establishes the first federal regulatory framework for stablecoins. The report urges Congress to pass comprehensive legislation to empower the CFTC to oversee spot markets for non-security digital assets.
The Road to a 'Golden Age of Crypto'
The strategy is targeted at making American digital asset markets the deepest and most liquid globally, stimulating innovation, and ensuring consumer protection and market integrity. By clarifying regulatory frameworks and integrating blockchain into mainstream finance, the U.S. government intends to create a "Golden Age of Crypto," securing American leadership in the evolving digital financial ecosystem.
Implications for the U.S. Crypto Market
Industry insiders suggest that the implications of this roadmap could unlock over $1 trillion in value for U.S.-based blockchain businesses and digital finance startups over the next decade. The plan clearly defines how crypto firms can obtain charters and Reserve Bank master accounts.
The Future of Digital Currencies in the U.S.
The Anti-CBDC Surveillance State Act seeks to permanently ban government-issued digital currencies in the U.S., citing privacy and civil liberty concerns. This approach marks a sharp break from the past, where regulators often viewed DeFi with skepticism. The President's Working Group's report delivers a coordinated, government-wide roadmap aimed at regulatory reform, banking modernization, and legislative support that collectively enable the United States to lead global digital asset innovation and market development.
[1] White House (2025). President's Working Group on Digital Asset Markets Report. [Online]. Available: https://www.whitehouse.gov/wp-content/uploads/2025/07/PWG_Report_Final.pdf [2] CNBC (2025). U.S. government unveils plan to position America as global crypto capital. [Online]. Available: https://www.cnbc.com/2025/07/30/us-government-unveils-plan-to-position-america-as-global-crypto-capital.html [3] Reuters (2025). U.S. government outlines strategy to make America the global crypto capital. [Online]. Available: https://www.reuters.com/business/us-government-outlines-strategy-make-america-global-crypto-capital-2025-07-30/ [4] Coindesk (2025). U.S. government's crypto roadmap: A deep dive. [Online]. Available: https://www.coindesk.com/policy/2025/07/30/us-governments-crypto-roadmap-a-deep-dive/
- The report calls for regulatory clarity in digital asset consumption, urging Congress to define the jurisdiction of the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) over non-security digital assets and digital asset markets.
- To foster innovation in the crypto industry, the Federal Reserve proposes a tiered framework for master account access for banks integrating with digital asset markets.
- The plan emphasizes the importance of stablecoins in advancing U.S. dollar dominance in digital payments and encourages their adoption for retail and commercial applications.
- To guarantee the safety and protection of lawful users, the report advocates equipping law enforcement with appropriate tools to pursue criminal activities involving digital assets.
- In an effort to accommodate the unique nature of digital assets, the plan urges an update of federal tax regulations to provide clearer guidance for taxpayers and investors.
- The report outlines modernizing AML regulations, specifically for the self-custody and Decentralized Finance (DeFi) sectors, to deter money laundering and ensure compliance.
- The GENIUS Act, signed into law in July 2025, establishes a federal regulatory framework for stablecoins, and the report urges Congress to pass comprehensive legislation to empower the CFTC to oversee spot markets for non-security digital assets.
