Trump Administration’s Crypto Report Promises Support for U.S. DeFi

The President's crypto working group has released a 163-page report outlining U.S. policy recommendations, with an emphasis on supporting decentralized finance (DeFi) protocols. Key points include:

Decentralized protocols can comply with regulatory frameworks.
The administration aims to foster innovation in the U.S. crypto sector.
Treasury's lifting of Tornado Cash sanctions reflects recognition of immutable smart contracts.
The Digital Asset Market Clarity Act provides a compliance pathway for the industry.
The report details previously covered initiatives but adds clarity on actionable items.
No updates were provided on the planned Bitcoin Strategic Reserve.
About 40 industry representatives attended the report's launch at the White House.

Industry insiders view this report as a significant advancement in the administration's crypto agenda.