White House-Backed Task Force Lays Foundation for Crypto Regulatory Framework

A coalition of U.S. federal agencies, operating under a January executive order from former President Donald Trump, has unveiled preliminary recommendations for a national digital asset regulatory framework. The President’s Working Group on Digital Asset Markets—comprising Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chair Paul Atkins—aims to catalyze what it calls a "golden age of crypto."

The group endorsed the recently passed Digital Asset Market Clarity Act and urged Congress to build upon it, though Senate Republicans have already proposed a competing version. Banking regulators and the Treasury Department were also pressed to expedite implementation of the GENIUS Act, which establishes federal standards for dollar-backed stablecoins.

The forthcoming report signals unprecedented federal engagement in shaping cryptocurrency policy, with industry observers anticipating it could become a regulatory watershed. Market participants now await detailed guidance from the full report expected later today.