Trump Administration Moves to Legalize Crypto Trading at Federal Level

The White House's digital asset working group has issued a report urging federal regulators to streamline crypto trading. The Securities and Exchange Commission and Commodity Futures Trading Commission are called to collaborate on clear rules for digital asset transactions and recordkeeping.

Decentralized finance (DeFi) receives explicit endorsement, marking a significant nod to peer-to-peer financial systems. Stablecoins gain further momentum following the recent GENIUS Act, with the working group pushing for rapid implementation.

Notably, the report opposes central bank digital currencies, instead backing legislation to prevent government-controlled digital money. Regulatory sandboxes and SAFE harbors are proposed to accelerate innovation without compromising oversight.