BREAKING: White House Crypto Report Triggers Major U.S. Regulatory Overhaul

The Biden administration just dropped a crypto bombshell—and Washington's scrambling to keep up.

Here's what's changing (and why Wall Street's sweating).

• New clawback rules target stablecoin issuers

• SEC gets expanded crypto oversight powers

• Treasury demands blockchain surveillance upgrades

Meanwhile, Bitcoin barely blinked—proving once again that decentralized networks outlast bureaucratic whims. Maybe that's why Goldman Sachs is suddenly 'very bullish' on digital assets (after years of calling it a scam).

One thing's clear: When DC tries to cage crypto, it only makes the beast stronger.

Regulatory agencies align on digital assets

Ji Hun Kim, CEO of the Crypto Council for Innovation, highlighted that the report marks a potential end to the jurisdictional dispute between the SEC and CFTC over the classification of bitcoin and similar assets.

Kim stated:

“The President’s Working Group report reflects this, [and] I do think the CFTC will have an important role to play when it comes to the oversight of these assets, which are digital commodities — not securities.”

Both agencies have announced initiatives to implement the report’s recommendations, with the SEC launching “Project Crypto” to streamline licensing and clarify the distinction between securities and commodities.

The CFTC, meanwhile, is preparing a “crypto sprint” focused on regulating non-security digital assets.

global regulatory competition intensifies

Past regulatory uncertainty in the US led many bitcoin-focused companies to relocate to jurisdictions like Dubai, Singapore, and Hong Kong, which offered clearer—though not always friendlier—rules.

The new US approach aims to encourage firms to return by providing more predictable oversight.

Notably, the GENIUS Act is promoted as key to maintaining the dollar’s dominance in the global financial system, while President Trump’s executive order bans any US government-issued central bank digital currency (CBDC).

clarity act and industry pushback

The CLARITY Act, which has passed the House, proposes a division of labor: the CFTC WOULD regulate spot markets for digital commodities such as bitcoin, while the SEC would oversee tokenized securities.

However, the bill has drawn criticism from civil rights groups and some lawmakers who claim it amounts to deregulation.

Kim disagrees, arguing the new regulatory approach seeks to provide clear rules while protecting consumers and combating illicit finance.

bitcoin policy and reserve discussions

Some bitcoin advocates expressed disappointment that the WHITE House report did not include an anticipated update on a potential US bitcoin reserve.

Still, with regulatory agencies now working together, the US appears poised to MOVE past infighting and uncertainty over digital asset oversight.