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Trump-Appointed Group Calls for Clear Crypto Regulation, Tax Changes

UNITED STATES, JUL 30 – The report outlines a comprehensive regulatory framework aimed at boosting innovation, consumer protections, and market clarity following the recent passage of three major crypto bills.

  • On Wednesday, the President’s Working Group on Digital Asset Markets released a 166-page report proposing a framework to regulate crypto assets and enhance consumer safety.
  • Shortly after taking office in January, President Trump ordered the creation of a crypto working group to propose new regulations, aligning with his campaign promise to overhaul US crypto policy.
  • The report recommends Congress build on the GENIUS Act by enacting legislation to empower the CFTC to oversee spot digital asset markets, following its signing on July 18, 2025.
  • Major Wall Street players including JPMorgan, Citigroup and Bank of America have begun signaling plans to enter the stablecoin market, the Atlantic Council notes.
  • After the August recess, the Senate will consider the CLARITY Act and the Anti-CBDC Surveillance State Act, with the report noting Congress has yet to pass a market structure bill.
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Bloomberg broke the news in United States on Wednesday, July 30, 2025.
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