A White House-commissioned working group has released a fact sheet outlining recommendations for ushering in a so-called “golden age” of digital assets in the United States.
The report, stemming from an executive order signed by President Donald Trump in January, was created by the President’s Working Group on Digital Asset Markets, which includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chair Paul Atkins.
Regulatory focus on digital assets
According to the fact sheet, the group plans to build on the U.S. House’s recently passed Digital Asset Market Clarity Act, which seeks to establish a comprehensive regulatory framework for the industry.
Senate Republicans have introduced their own version of the bill, and the working group urged Congress to further develop the legislation.
Stablecoin legislation prioritized
The working group also called for the rapid implementation of the GENIUS Act, signed into law by President Trump earlier this year.
The act establishes federal oversight for stablecoins, mandating that they be fully backed by U.S. dollars or equivalent liquid assets.
The fact sheet also addressed tax rules for digital assets, stating:
“Our tax rules must align with new technologies and eliminate compliance hurdles for both individuals and businesses engaged in activities involving digital assets.”
Bitcoin reserve notably omitted
Despite President Trump’s earlier executive order proposing a strategic Bitcoin reserve and digital asset stockpile, the newly released fact sheet makes no mention of such initiatives.
In March, Trump had directed officials to explore acquiring additional bitcoin without incurring extra costs to taxpayers, but the current recommendations appear to set aside these plans.
As the administration’s digital asset policy continues to evolve, the absence of any reference to a bitcoin reserve in the latest roadmap marks a shift from prior proposals.
