The Digital Asset Market Policy Task Force set up by US President Trump released a report on Wednesday calling on federal regulators to use existing powers to establish more clear rules for digital asset transactions and simplify the promotion process of new financial products. “By implementing these recommendations, policymakers can ensure that America leads the blockchain revolution and ushers in a golden age of cryptography,” the White House said in a briefing. The task force was set up in accordance with an executive order signed by Trump in January of this year. The report covered various topics in the field of digital assets, including calling on the National Assembly to pass the “Digital Asset Market Clarification Act” to fill regulatory gaps, authorize the Commodity Futures Trading Commission to oversee the “spot market for non-securities digital assets”, and support the development of decentralized finance technology.

The Digital Asset Market Policy Task Force set up by US President Trump released a report on Wednesday calling on federal regulators to use existing powers to establish more clear rules for digital asset transactions and simplify the promotion process of new financial products. “By implementing these recommendations, policymakers can ensure that America leads the blockchain revolution and ushers in a golden age of cryptography,” the White House said in a briefing. The task force was set up in accordance with an executive order signed by Trump in January of this year. The report covered various topics in the field of digital assets, including calling on the National Assembly to pass the “Digital Asset Market Clarification Act” to fill regulatory gaps, authorize the Commodity Futures Trading Commission to oversee the “spot market for non-securities digital assets”, and support the development of decentralized finance technology.