Key Takeaways from the White House Crypto Report
Introduction On July 30, 2025, the White House released a 166-page report titled “ Strengthening American Leadership in Digital Financial Technology ” (the “Report”).[1] Authored by a working group of cabinet members and federal agency officials, the Report calls for the expansion of American digital asset markets; the abandonment of “regulation by enforcement” with a refocus of enforcement efforts on terrorists, drug cartels, and other bad actors; and a revamp of bank regulatory and tax policies, among other things. It identifies key federal and other regulators that exercise jurisdiction over digital asset markets and endorses the most sweeping set of Executive Branch recommendations to change financial laws within the United States since the Dodd-Frank Wall Street Reform and Consumer Protection Act. Digital Asset Market Structure: The SEC and CFTC Consistent with previous administrations, the Report recognizes the Securities and Exchange Commission (SEC) and the Commodity Futures T...