Donald Trump Ushers in “Golden Age of Crypto” With New White House Strategy

The Trump Administration and the White House Working Group on Digital Asset Markets gave the world a preview of its long-awaited report. The preview outlines the federal-level initiatives that are aimed at transforming the United States of America into a global leader in crypto and digital finance. Called as the beginning of a “Golden Age of Crypto,” the report outlines a robust, pro-innovation agenda.

It calls for immediate federal-level enabling of digital asset trading, formal recognition of decentralized finance (DeFi), and a fast-tracked implementation of the recently signed GENIUS Act for stablecoins.

Preview of Crypto Report Revealed

The report, developed by the President’s Working Group on Digital Asset Markets, emphasizes closing long-standing regulatory gaps by empowering the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to offer clear guidance. This includes defining rules on registration, custody, trading, and recordkeeping for crypto market participants.

A major highlight of the report is the administration’s intention to integrate DeFi into mainstream finance. Describing DeFi as a “fast-moving, automated” ecosystem for lending and borrowing, the report promotes regulatory tools like safe harbors and sandboxes to ensure that innovative crypto products can reach consumers without bureaucratic delays.

The report also addresses longstanding challenges crypto companies have faced in the banking sector, referencing what many dubbed “Operation Choke Point 2.0.” The Trump administration is pushing for transparency in how crypto firms access master accounts and obtain banking charters, as well as clearer capital rules for the sector.

Stablecoins, especially those pegged to the U.S. dollar, are front and center in the administration’s strategy. Following President Trump’s signing of the GENIUS Act earlier this month, which created a national framework for stablecoin regulation, the working group is now urging federal agencies to implement its provisions swiftly. The report positions stablecoins as instruments that will “strengthen the role of the U.S. dollar globally.”

In stark contrast to its support for stablecoins, the administration continues to oppose central bank digital currencies (CBDCs). The working group reiterated its endorsement of the Anti-CBDC Surveillance State Act, which seeks to ban CBDCs outright due to privacy concerns.

The report also touches on taxation, recommending that the Treasury and IRS review current crypto tax policies, particularly those relating to mining, staking, and small-scale crypto payments. Clarifications are expected on the corporate alternative minimum tax (CAMT) and so-called “de minimis” exemptions, making day-to-day crypto use more viable for American consumers.

While the preview omits any mention of the federal government acquiring Bitcoin or other digital assets, the comprehensive scope of the recommendations signals a dramatic shift toward mainstream acceptance of crypto at the highest levels of U.S. governance. The full report, due later today, is expected to offer a detailed roadmap for implementing the administration’s digital asset strategy, fulfilling the directive laid out in President Trump’s executive order signed during his first days back in office.