The US President Donald Trump’s Working Group on Digital Assets just dropped its highly anticipated crypto report.
As part of its plan to make crypto more accessible and better regulated in America, the new blueprint outlines key recommendations regarding stablecoin adoption, market rules, banking access, and taxes.
Such regulatory clarity is bound to propel $BTC (it’s the world’s largest crypto, after all). But even before heightened demand surges, the Bitcoin network faces limitations, such as slow speeds and high speeds.
A top priority in the new crypto framework includes creating a clear taxonomy for digital assets. Finally, it’ll determine whether cryptos are classified as securities or commodities.
When the case started, however, the SEC was run by Chair Gary Gensler, who has been known for his aggressive ‘regulation by enforcement’ approach. In turn, he left many crypto projects in legal limbo without clear guidance.
Still, per the new crypto report, regulatory oversight is now split between the SEC and CFTC. The former are overseeing tokens classified as securities, whereas the latter will handle spot market regulation.
Another major focus is banking reform. The Working Group on Digital Assets wants to simplify the chartering process and increasing regulatory transparency for easier banking.
Additionally, the report urges that federal banking regulators adopt technology-neutral risk standards, relaunch innovation initiatives to clarify what activities they can pursue, and end discriminatory practices against lawful crypto businesses.
It also recommends creating a tax framework that treats crypto as a distinct asset class. It urges to adapt existing securities and commodities tax rules to fit digital assets and clarifying areas like staking. Doing so would reduce confusion and improve compliance.
And now with clearer regulations, institutional interest shows no signs of slowing down.
As a high-speed Layer 2 network, it promises to turbocharge Bitcoin with faster, cheaper transactions, complete with smart contract support.
It’ll allow you to move $BTC seamlessly across layers to boost programmability, without sacrificing Bitcoin’s security.
To get the most out of the ecosystem, you’ll want to snag some $HYPER. You’ll then be able to enjoy lower gas fees, governance rights, and juicy staking rewards at a 169% APY.
With the US shifting toward clearer Web3 regulations, as highlighted in its latest crypto report, the stage is set for digital assets to operate in the mainstream—with fewer setbacks and lawsuits.
In fact, institutional interest is already rocketing, as evidenced by Strategy and MANA’s hefty $BTC purchases.
It’s only natural that investors will eye $BTC as it’s the world’s largest crypto. And when it pumps, other tokens often follow suit.
However, as $BTC’s demand rockets, the need for scalability on the Bitcoin network becomes increasingly urgent. This is where Bitcoin Hyper steps in.
This isn’t investment advice. DYOR and don’t invest more than you’d be sad to lose.
