Brian Armstrong, CEO of Coinbase, stated on August 1, 2025, that the latest White House digital asset report clearly identifies market structure legislation as crucial for the United States to fulfill President's promise of becoming the "crypto capital of the world." His tweet, "The first @whitehouse digital asset report makes it clear that market structure legislation is key to delivering @POTUS's promise of America becoming the crypto capital of the world. Let's get it done," underscores the industry's anticipation for regulatory clarity.
The report, released by the President's Working Group on Digital Asset Markets in late July 2025, outlines a comprehensive roadmap for advancing the U.S. position in the global digital asset landscape. This framework emphasizes the necessity of a "fit-for-purpose market structure framework" to foster innovation, ensure consumer protection, and maintain financial stability within the rapidly evolving digital asset industry. The working group was established following an executive order signed by President Trump in January 2025, which revoked the previous administration's digital asset directives.
This focus on market structure legislation aims to provide clear rules for how digital assets are traded, settled, and regulated, distinguishing between different types of crypto assets. Legislative proposals, such as the CLARITY Act, are seen as vital steps toward achieving this goal, providing a defined regulatory environment that can attract investment and foster growth. This approach contrasts with earlier regulatory efforts that were often perceived by the industry as less coordinated or more focused on enforcement without clear guidelines.
The ambition to establish the U.S. as the "crypto capital of the world" has been a prominent theme of the current administration, stemming from President Trump's campaign promises to embrace digital assets. This strategic pivot seeks to leverage American innovation in financial technology and ensure the nation remains at the forefront of the blockchain revolution. The administration believes that a robust legislative framework is essential to unlock this potential and drive economic opportunity.
For industry leaders like Brian Armstrong, the clarity offered by comprehensive market structure legislation is paramount for sustained growth and mainstream adoption. Coinbase, as a leading cryptocurrency exchange, has consistently advocated for clear regulatory pathways to enable responsible development and mitigate risks. The report's recommendations are expected to inform ongoing legislative debates in Congress, pushing for a unified and predictable regulatory landscape for digital assets.