Overview

• The 166-page report consolidates the administration’s digital asset strategy under President Trump’s January executive order, aligning policy across agencies and lawmakers
• It instructs the SEC and CFTC to clarify rules on registration, custody, trading and recordkeeping to enable federal-level crypto markets immediately
• The document reaffirms swift implementation of the GENIUS Act’s stablecoin framework and highlights the House’s Clarity Act as a blueprint for broader market structure legislation
• It calls for modernized anti-money-laundering rules that protect national security without curbing self-custody and urges Congress to ban central bank digital currencies
• The report offers no new details on the proposed federal Bitcoin reserve, leaving its timeline and funding approach unspecified