The Trump administration has released its first comprehensive national strategy for digital assets, issuing a 166-page report drafted by the President’s Working Group on Digital Asset Markets. U.S. Treasury Secretary Scott Bessent simultaneously published a companion document entitled “The Roadmap to Making America a Crypto Superpower,” framing blockchain technology as a pillar of future U.S. economic leadership. The White House report calls on Congress to clarify market-structure rules—formally dividing oversight between the Commodity Futures Trading Commission and the Securities and Exchange Commission—while advancing the CLARITY Act and other pending legislation. It proposes banking reforms, a dollar-backed stablecoin regime rooted in the GENIUS Act, updated anti-money-laundering standards for DeFi, and exploration of a strategic federal Bitcoin reserve. The administration explicitly rejects the idea of a U.S. central-bank digital currency. One day after the report’s release, the SEC chair launched “Project Crypto,” a task force charged with modernizing securities laws for on-chain markets. In the same address, the chair said “most crypto assets are not securities,” signaling a marked departure from the agency’s prior stance and aligning it with the White House roadmap. Legal analysts say the coordinated push across federal agencies could provide the regulatory clarity long sought by the industry, reduce compliance disputes and encourage blockchain innovators to remain in—or return to—the United States.