A growing push inside the Trump administration is calling for regulatory clarity in the fast-growing cryptocurrency market. This week, the White House Digital Asset Working Group, led by pro-crypto figures like David Sacks, urged U.S. regulators to define clear boundaries for crypto trading, custody and registration.
The call for action comes as crypto adoption accelerates, with a rising number of Americans using blockchain technologies, and institutional interest reaching new highs. Trump’s crypto task force emphasized that the U.S. must not fall behind global competitors when it comes to blockchain innovation.
Key proposals from the task force
The report released on July 30, 2025 recommends the following:
Define what constitutes a security token versus a commodity
Allow federal-level trading for digital assets with proper registration and compliance
Accelerate passage of the Clarity Act to offer legislative backing to crypto firms
Promote stablecoin innovation under the GENIUS Act, already signed into law by Trump
Reject the creation of a U.S. central bank digital currency (CBDC), citing privacy and control concerns
Legislative backdrop
The GENIUS Act, signed by Trump earlier this month, established a regulatory framework for stablecoins and is now law. Meanwhile, the Clarity Act, which aims to clearly define digital assets and their treatment under U.S. law, passed the House and is now awaiting Senate debate.
These two bills form the core of what the White House calls a pro-innovation, pro-freedom digital asset strategy, focused on reinforcing American leadership in the crypto space.
Industry reactions and concerns
Crypto companies praised the report’s tone and urgency. Several major firms, including Coinbase and Kraken, expressed support for the task force’s proposals.
However, critics warn of potential conflicts of interest. Some observers raised concerns about close ties between policymakers and crypto investors, calling for greater transparency and stronger guardrails to avoid regulatory capture.
Trump’s crypto stance hardens
This is the latest in a series of bold moves by Trump to position the U.S. as a global leader in digital assets. In March, he announced the creation of a Strategic Bitcoin Reserve, and later held a Crypto Policy Summit at the White House with key industry players.
With the 2024 elections behind him, Trump appears determined to anchor crypto as part of America’s economic strategy, challenging the anti-crypto stance of previous Democratic leadership.
source: Cointelegraph, Reuters, Bloomberg, Politico, Fast Company, The Verge
