Trump Crypto Asset Group Releases Digital Finance Promotion Proposal

BlockBeats News, July 30th, the Digital Asset Market Policy Working Group established by U.S. President Trump released a report on Wednesday, calling on federal regulatory agencies to use existing authority to establish clearer rules for digital asset trading and to streamline the process for introducing new financial products.

The White House stated in the briefing: "By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and ushers in the crypto golden age." The working group was established pursuant to an executive order signed by Trump in January of this year. The report covers various issues in the digital asset space, including calling on Congress to pass the "Digital Asset Market Clarity Act" to address regulatory gaps, authorize the Commodity Futures Trading Commission to regulate the "spot market for non-securities digital assets," and support the development of decentralized financial technologies. (Golden Finance)