Trump Declares 'golden Age' For Cryptocurrencies In U.S. Economy
- 31.07.2025, 7:58
A plan to turn the country into a world leader in digital assets has been published.
The Trump administration is calling on all US government agencies to urgently update their approaches to regulating cryptocurrency and ensure its full integration into the economy.
This is reported by RBC-Ukraine with reference to a 160-page White House report published on Wednesday, July 30.
So, in the huge 160-page report, the White House outlines a plan to turn the US into a world leader in digital assets. Legislative support and sweeping changes in banking, taxation and finance are expected.
The White House expects Congress to pass special legislation that would recognize cryptocurrency as a new asset class and give it a legal regulatory framework.
It would update regulations in the following areas:
securities and commodities;
banking;
taxation;
insurance;
cybersecurity;
fighting illicit finance.
The Donald Trump administration has thus issued a sweeping call to all U.S. federal agencies that it is time to move quickly and decisively to make cryptocurrency an integral part of the American economy.
Trump said cryptocurrency should become as familiar a tool as the dollar - including mortgages, banking, pension programs and tax deductions.
The reason for this rush is obvious - President Trump's family is increasingly investing in the crypto industry. According to market data, just since Election Day, the price of bitcoin has increased by 74%, and the crypto industry has added $1.57 trillion in capitalization.
The report states that it is necessary to create clear and transparent rules that would help the crypto industry to legally develop in the United States. The key task is called the provision of "regulatory certainty" so that American entrepreneurs could boldly invest, create new services and software solutions.
Trump set the task of his administration to make the American market of digital assets "the deepest and most liquid in the world".
Reminder that in early March, US President Donald Trump instructed his subordinates to work on the formation of a cryptocurrency reserve. Such a reserve is expected to include the cryptocurrencies XRP, SOL and ADA.