The Trump administration's Working Group on Digital Assets released a comprehensive crypto report outlining regulations for digital assets in the United States. Key recommendations include a clear distinction between securities and commodities, shared jurisdictional oversight between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), and easing banking regulations to allow banks to custody cryptocurrencies. The report also promotes the use of stablecoins and suggests Congress prohibit the development of a central bank digital currency in the U.S. Additionally, it calls for clear tax regulations that account for unique features of digital assets. The overarching goal is to create a rational regulatory framework that fosters innovation while securing investor protection and maintaining the U.S.'s position in the global digital asset market.

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