Bitcoin News Today: Trump Admin Pushes Pro-Crypto Policy in White House Report Under Clarity and GENIUS Acts

The Trump administration’s digital assets strategy continues to gain momentum, with a forthcoming White House report reinforcing key policy directions under the Clarity Act and GENIUS Act. The report emphasizes regulatory coordination between the SEC and CFTC, calling for immediate federal-level trading of digital assets and the use of tools like regulatory sandboxes to accelerate innovation in crypto markets [1]. By reducing bureaucratic delays and fostering a pro-innovation environment, the administration aims to position the U.S. as the global “crypto capital” and lead the blockchain revolution [3].

The report also highlights the strategic importance of stablecoins, particularly those pegged to the U.S. dollar, which are seen as a tool to strengthen the dollar’s role in the digital economy. Following the recent passage of the GENIUS Act, agencies are urged to move quickly to implement a federal framework for stablecoin oversight, ensuring market stability and consumer confidence [3]. At the same time, the administration remains firmly opposed to central bank digital currencies (CBDCs), with calls for legislation to ban their adoption in the U.S. [1].

In the regulatory sphere, the working group recommends clearer capital rules and greater transparency for crypto firms seeking banking services. This addresses the so-called “Operation Choke Point 2.0” issue, where crypto businesses have faced challenges in accessing traditional banking. The report also tasks the Treasury and IRS with reviewing past tax guidance on activities like mining and staking, with further recommendations to ease compliance for small crypto transactions [3].

Tax proposals in the report align closely with Senate legislation led by Senator Cynthia Lummis, who has long advocated for a more structured approach to crypto taxation. The administration’s support for her proposals, including revisions to capital gains treatment, is seen as a positive development by industry stakeholders, who view it as a step toward regulatory clarity and reduced compliance burdens [3].

While the report avoids disclosing specific details on the federal Bitcoin reserve, it signals continued progress on the initiative. Although no concrete implementation strategies or timelines were provided, senior officials confirmed that infrastructure work is already underway. The administration’s reluctance to release specifics has left the industry in anticipation, with many hoping for further clarity in future releases [3].

Industry leaders have generally welcomed the report as a sign of consistent, forward-looking policy. Ji Kim of the Crypto Council for Innovation praised the document for addressing key areas such as market structure and global competitiveness, reinforcing America’s leadership in the digital economy [3]. As the U.S. continues to refine its approach to digital assets, the evolving regulatory landscape remains a focal point for investors, developers, and policymakers alike.

Sources:

[1] Policy – https://www.coindesk.com/policy

[2] The White House Crypto Policy Report: What to Know – https://bsc.news/post/white-house-crypto-policy-report

[3] No U.S. Bitcoin Reserve Plans as White House Touts – https://cryptoadventure.com/no-u-s-bitcoin-reserve-plans-as-white-house-touts-crypto-report/