Digital identity ‘integral’ to US crypto ambitions: White House
Broad adoption of digital identity by Americans could be the step needed for the U.S. to become the “crypto capital of the world,” as envisioned by President Donald Trump. A new report from the White House’s Working Group on Digital Asset Markets on “Strengthening American Leadership in Digital Financial Technology” lists “digital identity providers” among the “key infrastructure providers and tools” that are “integral” to the cryptocurrency project.
The report calls on Congress to pass more legislation to grant the CFTC more regulatory power over crypto, and to promote decentralized finance (DeFi) technology. The SEC and CFTC should set up regulatory sandboxes and utilize safe harbor provisions to get…
