Trump relaunches American ambitions on crypto with a presidential report promising a clear federal framework for trading, custody, and taxation of digital assets, aiming to eliminate the gray areas that have been hindering the industry.
The report supports dollar-backed stablecoins through the GENIUS Act while firmly rejecting CBDCs. Washington is betting on on-chain finance to strengthen the hegemony of the greenback.
New tools such as safe harbors and regulatory sandboxes are planned to support innovation, while a tax relaxation is considered to encourage the daily use of cryptocurrencies.
The White House unveils a comprehensive plan to regulate (and free) crypto in the United States
The era of “Choke Point 2.0,” where banks quietly blocked the road for crypto players, seems to be over. The White House now demands more transparent rules on granting bank accounts and federal charters for Web3 companies.
A normalization aimed to defuse tensions between TradFi and crypto… and to facilitate access to banking services for the industry.
Decentralization, innovation, and… safe harbors
Another paradigm shift: the overt integration of DeFi in the American financial landscape. The report mentions the establishment of safe harbors and regulatory sandboxes, two tools designed to let crypto projects breathe without being strangled by regulation right from their inception.
A strong signal sent to builders: America wants innovative financial products to reach users quickly, without bureaucratic delays.
The hunt for crypto-hostile banks is open
On the tax front, the report recommends the IRS to review its policies. In the crosshairs: taxation of mining, staking, and small crypto payments. Updating rules on the CAMT (corporate minimum tax) and exempting small amounts could pave the way for daily use of cryptocurrencies.
A move awaited for years, which could finally make payments in USDC or BTC as simple as card payments.
A clear ambition: to regain global leadership
The tone is set: the United States no longer want to passively witness the crypto revolution, they want to lead it. This report, mandated by presidential decree in the early days of Trump’s tenure, outlines an offensive strategy.
No trace yet of a strategic Bitcoin or a national reserve in BTC in the report’s preview. But the message is clear: America wants to once again become the engine of crypto innovation.
And Trump is determined to make it a pillar of his economic legacy.
