President Trump’s Crypto Working Group Issues Comprehensive Report on U.S. Policy Recommendations
President Donald Trump’s crypto working group has finally released its much-anticipated report, outlining pages of U.S. policy recommendations. According to two key figures involved in the effort, decentralized finance (DeFi) protocols are expected to thrive under the administration’s vision for the U.S. sector.
Embracing Decentralized Protocols
Bo Hines, the executive director of the group responsible for the 163-page report, emphasized that decentralized protocols can adhere to regulatory standards. In an interview with CoinDesk TV, Hines and Treasury Department’s Tyler Williams highlighted the report’s support for innovation within the U.S. and the importance of providing clear guidelines for developers.
“We want people innovating and developing here in the U.S.,” stated Hines, emphasizing the administration’s efforts to provide guidance and support for industry participants. Williams noted that recent legislative developments, such as the Digital Asset Market Clarity Act, have paved the way for compliance with existing regulations.
A Comprehensive Approach
The report has been lauded by industry experts as a significant step forward in Trump’s crypto agenda. Hines described it as the most comprehensive work on digital assets to date, highlighting the administration’s commitment to fostering a thriving crypto ecosystem in the U.S.
While many of the policy initiatives outlined in the report are familiar to industry stakeholders, Williams pointed out that the document offers more detailed action items and implementation strategies.
Looking Ahead
One notable absence from the report was a detailed plan for the administration’s proposed Bitcoin Strategic Reserve. Hines assured that progress is being made on this front and that stakeholders can expect positive developments in the near future.
Additionally, Treasury is actively working on infrastructure improvements to support the crypto industry’s growth and ensure regulatory compliance.
Celebrating Industry Collaboration
During the report’s launch event at the White House, industry representatives joined senior administration officials to celebrate the milestone. Key figures, including Secretary of the Treasury Scott Bessent and SEC Chairman Paul Atkins, were present to acknowledge the industry’s contributions to the report.
Cody Carbone, CEO of the Digital Chamber, commended the administration for its inclusive approach and recognition of industry expertise in shaping crypto policy.
Overall, the report signals a positive outlook for the future of crypto in the U.S., with a focus on innovation, regulatory clarity, and industry collaboration.