A White House advisory group formed under President Donald Trump has released a comprehensive report urging federal agencies to clarify rules governing digital assets and accelerate the rollout of innovative crypto products.
What Happened: The Working Group on Digital Asset Markets, established by executive order earlier this year, is calling on Congress and regulators to modernize oversight frameworks to better accommodate the evolving crypto ecosystem.
The report encourages the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to use existing legal authority to streamline federal rules for digital asset trading.
It emphasizes immediate action on key areas such as trading, custody, and registration to eliminate uncertainty …