--- title: "White House Working Group Releases Crypto Policy Roadmap" description: "The presidential task force recommended granting the CFTC spot market authority, revising bank capital rules, and codifying a national ban on central bank digital currencies." url: https://basisdesk.news/news/white-house-working-group-crypto-policy-recommendations published: 2026-10-15T19:00:53.988Z modified: 2026-10-15T19:00:53.988Z section: Regulation & Policy author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC] tags: [CFTC, SEC, Treasury, Banking, Taxation, Stablecoins] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # White House Working Group Releases Crypto Policy Roadmap The presidential task force recommended granting the CFTC spot market authority, revising bank capital rules, and codifying a national ban on central bank digital currencies. ## At a glance - **What happened:** The President’s Working Group on Digital Asset Markets issued a federal roadmap recommending regulatory and statutory overhauls for US crypto markets. - **Why it matters:** The proposal provides a blueprint to transfer spot crypto oversight to the CFTC, open Federal Reserve master account access to crypto banks, and overhaul digital asset tax rules. - **Who is affected:** US digital asset exchanges, banks, stablecoin issuers, and decentralized finance participants. - **What's next:** Legislative action in Congress on market structure and administrative rulemakings across the Treasury, SEC, and CFTC. - **Status:** guidance - **Primary source:** [Fact Sheet: The President’s Working Group on Digital Asset Markets Releases Recommendations to Strengthen American Leadership in Digital Financial Technology](https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-the-presidents-working-group-on-digital-asset-markets-releases-recommendations-to-strengthen-american-leadership-in-digital-financial-technology) — whitehouse.gov ## Key points - White House working group urges Congress to give the CFTC spot oversight authority for non-security digital assets. - Federal banking regulators were advised to revise capital treatment and open access to bank charters and Federal Reserve master accounts. - The report recommends enacting an anti-CBDC statute, applying wash-sale tax rules, and implementing the GENIUS Act stablecoin framework. ## Editorial remark - **Context:** Executive Order 14178 established the interagency working group to align federal policy with executive goals of expanding domestic digital asset infrastructure and winding down restrictive banking oversight. - **Impact:** Digital asset exchanges, decentralized finance participants, and traditional banks seeking to provide custody, payments, or tokenization services face clearer regulatory and chartering pathways. - **Watch:** Congressional movement on spot market legislation based on the CLARITY framework and joint administrative guidance from the SEC, CFTC, and Treasury. The President’s Working Group on Digital Asset Markets published a comprehensive policy report on Oct. 15 detailing legislative and regulatory recommendations for the US digital asset sector [1]. Formed under Executive Order 14178, the interagency panel urged Congress to pass market structure legislation based on the House's CLARITY framework, explicitly granting the Commodity Futures Trading Commission oversight over spot markets for non-security digital assets [1]. The report also called on the Securities and Exchange Commission and the CFTC to use their existing authorities immediately to clarify federal rules on registration, custody, trading, and recordkeeping, alongside offering regulatory sandboxes and safe harbors for nascent financial products [1]. This follows parallel executive actions, including the [US President Orders Creation of Strategic Bitcoin Reserve and Digital Asset Stockpile](https://basisdesk.news/news/us-establishes-strategic-bitcoin-reserve-digital-asset-stockpile). ## Banking, Tax, and Illicit Finance Reforms The roadmap outlines significant shifts for depository institutions, recommending that banking regulators establish transparent pathways for crypto firms to obtain bank charters and Federal Reserve master accounts [1]. The panel advised regulators to align bank capital requirements with the empirical risks of holding digital assets rather than penalizing institutions simply for using distributed ledgers, while defining permissible activities across tokenization, digital asset custody, and stablecoin issuance [1]. The recommendations also instructed the Department of the Treasury and banking agencies to swiftly implement the GENIUS Act—enacted on July 18, 2025, to establish a federal framework for dollar-backed stablecoins—while urging Congress to pass the Anti-CBDC Surveillance State Act to permanently prohibit central bank digital currencies [1]. On taxation and enforcement, the working group called for updated guidance from Treasury and the Internal Revenue Service covering Corporate Alternative Minimum Tax, wrapped token transactions, and mining and staking activities [1]. It further asked lawmakers to classify digital assets under a dedicated federal tax regime that includes wash-sale rules, while cautioning against overbroad Bank Secrecy Act interpretations that could compromise user privacy or impede decentralized finance protocols [1]. At the time of writing, $BTC was trading at $82,303 while the broader cryptocurrency market capitalization stood at $2.73 trillion. ## FAQ **What authority did the working group recommend giving the CFTC?** The report urged Congress to pass legislation authorizing the Commodity Futures Trading Commission to oversee spot markets for non-security digital assets. **How does the report address stablecoins and central bank digital currencies?** The group recommended implementing the GENIUS Act to establish a federal stablecoin framework while advising Congress to pass legislation barring central bank digital currencies. ## Sources 1. [Fact Sheet: The President’s Working Group on Digital Asset Markets Releases Recommendations to Strengthen American Leadership in Digital Financial Technology](https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-the-presidents-working-group-on-digital-asset-markets-releases-recommendations-to-strengthen-american-leadership-in-digital-financial-technology) — whitehouse.gov, 2026-10-15 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai