Trump's ambitious $1 trillion cryptocurrency strategy unveiled: Outline for America's digital-centric future presented at the White House
The White House has launched a bold plan to position the United States as the global crypto capital, ushering in a "Golden Age of Crypto" characterized by growth, innovation, market integrity, and consumer protection. The President's Working Group on Digital Asset Markets has released a report outlining a multi-pronged strategy to achieve this goal.
The report emphasizes the need for legislative action, with the proposed Digital Asset Market Clarity Act granting the Commodity Futures Trading Commission (CFTC) authority to oversee spot markets for non-security digital assets. This move aims to close regulatory gaps and provide clearer oversight, building on bipartisan congressional support to provide legal clarity and reduce uncertainty for market participants.
Regulatory measures are also a key part of the plan. The Securities and Exchange Commission (SEC) and CFTC are encouraged to use their existing authorities to enable federal-level digital asset trading by clarifying rules around registration, custody, trading, and recordkeeping. The report also recommends facilitating innovative financial products reaching consumers faster through safe harbors and regulatory sandboxes, reducing bureaucratic delays.
The report places a strong emphasis on embracing decentralized finance (DeFi) as a crucial part of the evolving financial ecosystem, encouraging its integration into mainstream finance. Over 100 regulatory and legislative actions are proposed, addressing issues such as combating illicit finance, ensuring fairness in crypto taxation, reinforcing the dollar's dominance via stablecoins, and modernizing banking regulations for digital assets.
The administration opposes central bank digital currencies (CBDCs) and supports the Anti-CBDC Surveillance State Act, which permanently bans government-issued digital currencies in the U.S. due to privacy and civil liberty concerns. The report positions digital assets as foundational technologies for ownership, governance, and national infrastructure, with industry insiders suggesting 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 also calls for modernizing anti-money laundering (AML) regulations, specifically in the self-custody and DeFi sectors. The administration views USD-backed stablecoins as a key tool to modernize payments infrastructure and maintain the global dominance of the U.S. dollar. The GENIUS Act, signed into law on July 18, 2025, establishes the first federal regulatory framework for stablecoins.
Infrastructure for a federal Bitcoin reserve is being explored quietly, suggesting a potential long-term strategy for the U.S. to further solidify its position in the digital asset market. The administration's roadmap slams the brakes on Operation Choke Point 2.0, which allegedly denies banking services to crypto companies, paving the way for a more inclusive and supportive environment for digital asset businesses.
The report urges Congress to pass comprehensive legislation to empower the CFTC to oversee spot markets for non-security digital assets, a significant step towards establishing the U.S. as the undisputed hub of crypto innovation. Regulators are encouraged to modernize frameworks to allow banks to handle custody, stablecoin issuance, and tokenized assets, further streamlining the integration of digital assets into the traditional financial system.
By implementing these measures, the U.S. aims to turn the tide in the blockchain revolution, fostering a thriving digital asset market under clear and balanced oversight, and cementing American leadership globally in digital financial technology.
- The White House proposal aims to make the United States the global crypto capital, advocating for a "Golden Age of Crypto" with a focus on growth, innovation, market integrity, and consumer protection.
- The Digital Asset Market Clarity Act, if passed, would grant the Commodity Futures Trading Commission (CFTC) authority to oversee spot markets for non-security digital assets, closing regulatory gaps and providing clearer oversight.
- The administration supports the use of decentralized finance (DeFi) as a crucial part of the evolving financial ecosystem, encouraging its integration into mainstream finance and addressing issues such as combating illicit finance and ensuring fair crypto taxation.
- The Securities and Exchange Commission (SEC) and CFTC are urged to use their existing authorities to enable federal-level digital asset trading, clarifying rules around registration, custody, trading, and recordkeeping.
- The administration opposes central bank digital currencies (CBDCs) and supports the Anti-CBDC Surveillance State Act, which bans government-issued digital currencies in the U.S. due to privacy and civil liberty concerns.
- The administration views USD-backed stablecoins as a key tool to modernize payments infrastructure and maintain the global dominance of the U.S. dollar, with the GENIUS Act establishing the first federal regulatory framework for stablecoins.
- The plan explores the infrastructure for a federal Bitcoin reserve and encourages modernizing anti-money laundering (AML) regulations in the self-custody and DeFi sectors, paving the way for a more inclusive and supportive environment for digital asset businesses.
