Trump’s crypto working group pushes for clearer rules as adoption grows
US President Donald Trump’s crypto working group has called for clearer trading rules for digital assets in an effort to facilitate the adoption of new financial products. This push follows the recent passage of three crypto bills, indicating a growing emphasis on regulating the blockchain economy. The group, formed by executive order in January, has recommended that the SEC and CFTC clarify rules related to custody, trading, registration, and record keeping for digital assets. Additionally, the proposals encourage Congress to recognize cryptocurrencies as a distinct asset class and eliminate bureaucratic delays that hinder innovation. The working group's influence is reflected in the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, which address various aspects of digital asset regulation. The passage of these bills is expected to enhance the regulatory environment for crypto, prompting banks like JPMorgan and Citigroup to explore the stablecoin market. Experts believe that these developments will encourage asset issuers to enter the tokenized securities space, signaling a transformative shift in how Americans might engage with digital finance.
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