House Committee on Agriculture Chairman Glenn "GT" Thompson (PA-15) has responded to the White House’s Working Group on Digital Asset Markets Report, which was released recently.
Thompson stated, “The vision outlined in the Working Group’s report is another reminder of President Trump’s steadfast commitment to positioning the United States as a leader in the global crypto economy. This is another step in rejecting the failed approach of regulation through litigation and instead building a comprehensive set of policies to spur innovation and protect consumers.
“In that regard, I commend the Working Group’s principles on digital asset market structure legislation and its embrace of the CLARITY Act in particular. I look forward to working with our Senate colleagues and the Administration to carry out this vision. Timely confirmation of the President’s nominees for relevant departments and agencies is vital to our success.”
The report from the White House's Working Group highlights a shift toward establishing clearer policies for digital assets rather than relying on enforcement actions through legal proceedings. The endorsement of legislative efforts like the CLARITY Act signals ongoing collaboration between Congress and federal agencies aimed at developing regulations for cryptocurrency markets.
