Trump White House Releases Crypto Regulation Report – Crypto News

The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies. 

Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities was the first issue outlined in the report, released on Wednesday.

According to recommendations in the document, jurisdictional oversight over digital assets should be shared between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), with the CFTC having oversight over spot crypto markets.

The working group recommended that the SEC and CFTC collaborate on crypto oversight. Commodity tokens should be governed by the CFTC, while other tokens deemed to be securities will be subject to SEC oversight. The authors of the report said a clearly defined crypto market structure would make the US a global leader in digital assets.

“A rational regulatory framework for digital assets is the best way to catalyze American innovation, protect investors from fraud, and keep our capital markets the envy of the world,” SEC Chair Paul Atkins wrote in response to the report.