US Unveils Unified White House Crypto Policy Roadmap
The US Treasury, SEC, CFTC, Federal Reserve and White House economic team jointly released the White House Crypto Policy Report, establishing a clear, unified crypto policy framework. The report aims to secure US leadership in on-chain finance by clarifying regulations around Bitcoin, stablecoins and other digital assets. It approves dollar-pegged stablecoins like USDC under strict licensing, reserve and audit requirements, consumer protections and marketing limits. To resolve jurisdictional overlap, it calls on Congress to assign securities to the SEC and commodities to the CFTC, while creating separate licensing for stablecoins and trading platforms. The report explicitly rejects a US CBDC to protect privacy and market freedom. It also directs the IRS to issue new tax guidance for on-chain income and allows mainstream crypto in retirement accounts. Finally, it proposes federal funding for blockchain infrastructure, compliance tools and privacy technologies, and hints at a long-term Bitcoin reserve strategy. This crypto policy roadmap aims to reduce regulatory uncertainty and foster innovation.
Bullish
This unified crypto policy report provides regulatory clarity and legislative direction, reducing uncertainty that has historically hindered institutional adoption. By approving licensed stablecoins and defining SEC and CFTC roles, it opens the door for greater capital inflows into on-chain finance. The explicit CBDC rejection alleviates privacy concerns, while tax guidance and infrastructure funding deepen market confidence. Similar to the 2020 OCC stablecoin memo, this roadmap is likely to trigger a short-term rally as traders anticipate clearer rules and increased institutional participation. Over the long term, consistent regulation and federal support for blockchain projects should bolster network development and asset demand, underpinning sustained growth in the crypto sector.