Trump’s Crypto Task Force Wants Streamlined Rules For Trading Digital Assets

Trump’s Working Group on Digital Asset Markets urged federal regulators to establish more explicit rules for crypto trading and streamline approval for new financial products, according to Bloomberg. The group’s report calls for Congress to pass the Digital Asset Market Clarity Act to give the Commodity Futures Trading Commission authority over non-security digital assets. It also recommends safe harbors to enable innovative products, clarity on bank activities related to stablecoins, and updated tax guidance for digital assets. The proposals align with Trump’s push to advance U.S. leadership in blockchain and crypto innovation.