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White House Working Group releases crypto report on regulatory path forward

Image of President Donald Trump pointing.
Photo: Chip Somodevilla/Getty Images

SEC told to consider creating safe-harbors for crypto and a “fit-for-purpose exemption from registration for securities distributions.”

The President’s Working Group on Digital Asset Markets just released a multi-agency report on recommendations to strengthen American leadership in digital financial technology. The report included input from multiple federal agencies, particularly the SEC and CFTC whose leadership commented on the report.

During a press briefing earlier