US President Donald Trump's Digital Assets Task Force released its long-awaited report yesterday, which includes policy recommendations for regulating cryptocurrencies. While many topics were touched upon in this report, details regarding the national Bitcoin (BTC) reserve were also included. Following the publication of the report, SEC Chairman Paul Atkins made an assessment. In his official statement, Atkins stated that the proposals presented by the White House are consistent with his long-held convictions and principles. “The Palace's cryptocurrency report essentially reflects the views I have held for a long time.” The SEC Chairman also reiterated his commitment to making the US a global leader in the cryptocurrency sector. He noted that the Presidential Working Group's policy recommendations align with the SEC's view that clear and balanced regulations can foster innovation and protect investors. He added that the SEC will help shape this framework by using existing powers and supporting future legislation. “Creating a sensible regulatory framework for digital assets is the best way to foster innovation in the US, protect investors, and ensure our capital markets are the envy of the world. The SEC will also do its utmost in this regard. It will continue to play a central role in establishing a federal framework for cryptocurrencies by using its existing authority to impose new rules and regulations and enforce any new laws enacted by Congress.” *This is not investment advice.