Crypto Daily｜Trump Report Calls for Clear Crypto Laws and SEC Rules for Digital Assets
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Trump Report Calls for Clear Crypto Laws and SEC Rules for Digital Assets
A new White House report released by the President’s Working Group on Digital Asset Markets outlines the Trump administration’s vision for transforming the U.S. into a global leader in cryptocurrency and blockchain innovation.
Formed under Executive Order 14178, the group—comprising senior federal officials—has been tasked with delivering recommendations to shape a clear and supportive regulatory framework for digital financial technologies.
The 166-page report asserts that by embracing these proposals, the U.S. can usher in a “Golden Age of Crypto” and position itself as the undisputed leader in this transformative sector.
Indonesia said to lift taxes on cryptocurrency transactions
Indonesia is planning to increase taxes on cryptocurrency transactions starting Aug. 1, according to a media report published Wednesday.
Overhauled its crypto tax framework, Indonesia's finance ministry is requiring domestic sellers using exchanges to pay a 0.21% tax on the transaction value, Reuters reported. That's up from 0.1% under the prior measure.
JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly
JPMorgan, Chase, and Coinbase have announced a partnership that will give over 80 million Chase customers new access to crypto through a series of integrations. The collaboration includes credit card funding, bank account linking, and the ability to redeem Chase rewards points for stablecoins.
Coinbase announced that starting this fall, Chase customers will be able to fund their Coinbase accounts directly using Chase credit cards. The announcement also noted that customers will gain the option to link their Chase bank accounts with Coinbase in 2026.
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Wednesday was $12.66 million. The total net asset value of Bitcoin spot ETFs is $152.18 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.52%.
The Bitcoin spot ETF with the highest net inflow on July 30 was Bitwise Bitcoin ETF , with a net inflow of $12.66 million.
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