Kristina Roberts
The United States government has taken a big step toward shaping the future of cryptocurrency. A new report from the White House, led by President Donald Trump’s team, shares strong suggestions about how to manage the growing world of digital money. This special report calls on Congress to create new laws and also asks important financial groups, like the SEC, to introduce updated rules for how cryptocurrencies can be bought, sold, and handled across the country.
In January, just after President Trump took office again, he kept a campaign promise by setting up a special group to study cryptocurrencies and make smart suggestions for the government. This group, called a “crypto working group,” was made to find better ways to control and support the use of digital currencies while still keeping Americans safe from fraud and financial risks. Their first big public report is now out, and it contains strong ideas about the future of crypto in the US.
The report makes it clear that the White House wants Congress to pass a new law that will fully regulate cryptocurrency. But the report doesn’t stop there. It also says that the law should include some specific extras—like giving trading platforms the ability to safely hold (or “custody”) customers’ cryptocurrencies. It also suggests creating a special set of rules for crypto companies when they share important information about their coins and tokens. This would help regular people understand what they’re investing in.
The White House also encouraged the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to use the powers they already have. The report asks them to quickly make rules that allow people to trade digital assets in a legal and safe way throughout the country. Right now, there is confusion in the US about what is allowed and what isn’t when it comes to crypto, and this causes problems for companies and users.
One of the leaders of the crypto working group is Bo Hines, a Trump official. He helped bring together people from many parts of the government, including Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and the head of the Office of Management and Budget, Russell Vought. Together, they worked for months to put this report together, and now they are sharing their ideas with the country.
The report also connects with other big topics like taxes and investment rules. It says that the US should change some tax policies to fit better with the modern world of crypto. Right now, many tax rules were created long before digital money existed, so they don’t always make sense when applied to things like Bitcoin or Ethereum.
President Trump has shown strong support for cryptocurrency, especially during his last election campaign. He told voters that he would become a “crypto president” and make it easier for people to use and invest in digital currencies. This was a very different view from the one held by former President Joe Biden’s administration. Under Biden, US regulators tried to stop some parts of the crypto industry because they believed it could harm ordinary people through fraud, scams, or money laundering.
For example, Biden’s team took big legal action against some of the world’s largest crypto exchanges—like Coinbase and Binance. They said these companies were not following US laws and needed to be held accountable. But since Trump returned to office, many of those legal cases have been dropped, and the mood in Washington has changed. Now, instead of pushing back against crypto, the government is looking for ways to support it while still adding protections.
According to the report, the White House wants to find a balance. On one hand, it supports people’s freedom to use crypto and believes digital currencies could help modernize the financial world. On the other hand, it understands that rules are needed to stop bad actors and protect investors. The report carefully explains that the right way forward is through thoughtful laws and clear rules—not by banning crypto or ignoring its risks.
This new push could mean big changes for companies working with digital assets in the US. Many of them have been waiting for clear guidance. Some have even moved their operations outside the country because the rules here were so confusing. With the release of this report, many in the industry now hope that the US will become a friendlier and more organized place for crypto.
The report ends by reminding Congress that time is important. The world of digital assets moves fast, and the US risks falling behind other countries if it waits too long to act. The working group strongly encourages lawmakers to move quickly and pass new laws that will help the US become a leader in safe and smart cryptocurrency use.
This latest move by the White House is a strong message to the American people and the rest of the world: the United States wants to be part of the future of money—but with safety, fairness, and responsibility. Whether you’re a crypto expert or just learning about Bitcoin for the first time, the decisions made in Washington over the next few months could affect how you use digital money in the future.
