Trump Admin’s Crypto Policy Takes Shape in Asset Report

• Trump’s team outlines a pro-crypto stance in a new digital asset policy report release.
• New policies aim to regulate stablecoins, end CBDCs, and modernize digital asset taxation.
• The Working Group report positions the U.S. as a global hub for blockchain innovation.

The Trump administration has outlined a structured roadmap to regulate digital assets through a new three-phase strategy. Bo Hines, a key policy aide, confirmed this plan for regulating crypto in the U.S. It follows three structured phases: demolition, construction, and implementation. These pillars form the core of a broader strategy aimed at making America the global crypto capital.

The plan is part of a sweeping policy report released by the President’s Working Group on Digital Asset Markets. This group was established by Executive Order 14178 and includes top federal officials. The White House says the new strategy will “usher in the golden age of crypto” across the United States. The report outlines legislative and regulatory actions already underway.

The Three-Phase Framework

In the demolition phase, the government seeks to eliminate regulatory gaps and unclear oversight across crypto markets. According to the President’s Working Group on Digital Asset Markets, this step removes outdated rules that obstruct crypto growth. It also ends what many labeled “Operation Choke Point 2.0,” which denied banking access to crypto firms.

Next comes the construction phase. This stage includes building a modern framework that supports DeFi, spot markets, stablecoins, and more. The SEC and CFTC are expected to give immediate clarity on registration, custody, and trading. Additionally, the White House recommends regulatory sandboxes and safe harbors to support innovation.

The implementation phase involves executing newly passed laws and agency rules. Earlier this month, Trump signed the GENIUS Act, the first federal framework for stablecoins. The White House urges quick action from the Treasury and banking agencies to enforce this law.

Bo Hines described the strategy as a “three-legged stool,” essential to supporting innovation and protecting users. Maria Bartiromo echoed this sentiment, saying the administration is focused on delivering Trump’s promise to make the U.S. the crypto capital of the world.

Building a Pro-Crypto Infrastructure

The President’s Working Group also addressed banking reforms. Regulators must now clarify what activities banks can perform in crypto markets. This includes guidance on custody, tokenization, and master account eligibility. Capital rules must reflect real risks, not assumptions based on blockchain use.

Stablecoins are central to the plan. The report says dollar-backed stablecoins will modernize payments and replace legacy systems. The administration supports rapid adoption to strengthen the role of the U.S. dollar.

Meanwhile, the administration rejects central bank digital currencies (CBDCs). The Anti-CBDC Surveillance State Act, now being debated in Congress, would ban a federal digital dollar. The administration says CBDCs threaten civil liberties and user privacy. On taxes, the report proposes major changes. The Treasury and IRS will review outdated rules on mining, staking, and asset classification. Lawmakers may also modify tax treatment to align with securities and commodities laws.

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The White House says these actions will reduce compliance burdens. The goal is to make it easier for businesses and individuals to use crypto for payments and investments. The report also covers anti-money laundering. The administration calls for clear BSA rules for DeFi and wallet providers. It wants Congress to support self-custody and limit regulatory overreach.

The roadmap comes under Executive Order 14178, signed in January 2025. It mandates a comprehensive plan to support U.S. leadership in digital finance. So far, the administration has moved quickly. Within months, it has introduced new laws, ended harmful policies, and proposed sweeping reforms.

With more crypto bills, the administration expects to enter the final implementation phase by 2026. Policymakers believe the strategy will attract global capital, drive job creation, and foster innovation. “We’re bringing the crypto future home,” said one senior official.

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