Trump Administration Backs Stablecoins, Rejects CBDC in New Crypto Framework
The Trump administration has unveiled a strategic approach to cryptocurrency regulation, emphasizing innovation while reinforcing oversight. A pivotal report from the President’s Working Group on Digital Assets outlines a pro-crypto stance, aiming to position the U.S. as a leader in the global digital asset race. The framework rejects a central bank digital currency (CBDC) over concerns about state surveillance and individual liberties.
Regulatory clarity takes center stage, with proposals to redefine roles for the SEC and CFTC in overseeing the crypto market. A clear taxonomy for digital assets is recommended to distinguish between securities and commodities. The move signals a concerted effort to balance technological advancement with robust market safeguards.
