White House Crypto Working Group Report Due on Regulating Digital Assets Market

A White House working group on the digital assets market was slated to release a report on Wednesday outlining the group’s initial findings and recommendations, Reuters reported. The report “will discuss market structure, taxes, consumer protection, and ‘clear rules of the road’ for crypto,” senior administration officials told the news service.

Based on a fact sheet distributed by the group ahead of the full report’s release, many of the group’s recommendations are already in the works. Congress recently passed the GENIUS Act establishing rules for issuing and trading stablecoins, and the House of Representatives recently passed the CLARITY Act providing a regulatory framework for the digital assets market, which is…

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