Former President Donald Trump’s administration is preparing to roll out what it calls the “Golden Age of Crypto,” signaling a sweeping pro-crypto stance at the highest levels of U.S. government. A forthcoming report from the White House Working Group on Digital Asset Markets offers a preview of major regulatory changes that could dramatically reshape how cryptocurrencies are treated in the United States.
The report supports a fast-track approach to legalizing and organizing digital asset trading at the federal level, offering long-awaited clarity around registration, custody, trading mechanisms, and recordkeeping standards. Core elements of the plan are already in motion, including two key legislative acts: the GENIUS Act, which sets a regulatory framework for stablecoins, and the Clarity Act, designed to establish clear oversight of the broader crypto market.
While the document does not yet address whether the federal government will acquire or hold cryptocurrencies like Bitcoin, the policy direction reflects a notable shift from years of regulatory ambiguity. U.S. agencies such as the SEC and CFTC are being urged to close existing regulatory gaps and move swiftly to support compliant digital asset infrastructure.
Notably, the Trump administration also embraces decentralized finance (DeFi) as a potentially transformative force in mainstream finance. The report calls for the use of “safe harbors” and “regulatory sandboxes” to allow innovative crypto financial products to reach consumers without unnecessary delays or red tape.
In another bold move, the administration has warned banks against discriminatory practices that limit access to services for crypto companies — a response to what many in the industry have labeled “Operation Choke Point 2.0.” The working group recommends establishing transparent capital rules and guidelines for how crypto platforms can gain access to bank charters or master accounts.
Stablecoins, particularly those pegged to the U.S. dollar, are at the center of the administration’s vision. Following Trump’s signing of the GENIUS Act, agencies are being pushed to implement the stablecoin framework as quickly as possible, reinforcing the dollar’s dominance in digital markets. In stark contrast, the administration reiterates its opposition to central bank digital currencies (CBDCs), advocating instead for legislation to permanently ban government-issued digital currencies through an “Anti-CBDC Surveillance State Act.”
On the tax front, the Treasury and IRS are encouraged to revisit outdated guidance on crypto-related activities like mining and staking, and to clarify rules around the use of crypto in everyday transactions. Proposed updates would also address how the corporate alternative minimum tax (CAMT) applies to digital assets, reducing friction for companies operating in the space.
All of this feeds into a larger vision: placing the U.S. at the forefront of blockchain innovation. The working group affirms that, by following these recommendations, the country can become a global leader in the digital asset revolution — ushering in what they describe as a truly transformative “Golden Age of Crypto.”
The full report, set to be released soon, will serve as a comprehensive outline of the administration’s crypto policy, as mandated by an executive order signed by President Trump during his first days in office.
