Overview

• The White House’s 163-page crypto policy report directs the SEC and CFTC to use existing authorities to enable federal-level trading of digital assets with clear rules on registration, custody and recordkeeping.
• It recommends creation of regulatory sandboxes and safe harbors to accelerate decentralized finance integration into mainstream markets.
• The report urges rapid implementation of the GENIUS Act stablecoin framework, which mandates 1:1 reserves, third-party audits and regular public disclosures.
• It reaffirms opposition to a federal retail CBDC and positions dollar-backed stablecoins as integral to the U.S. payment rail.
• It omits any discussion of the national Bitcoin reserve and digital asset stockpile authorized by executive order, leaving regulators to await further guidance and Senate action on the CLARITY Act.