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ARTICLE · 18 AUGUST 2025

The PWG Report On Digital Asset Markets

Gesmer Updegrove LLP
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Two weeks ago, the President's Working Group on Digital Asset Markets (PWG) released its report outlining recommendations for federal agencies to establish a regulatory framework for digital assets.

United StatesTechnology
Braeden Anderson
Braeden Anderson

Two weeks ago, the President's Working Group on Digital Asset Markets (PWG) released its report outlining recommendations for federal agencies to establish a regulatory framework for digital assets. The report focuses on ensuring that U.S. markets remain competitive while addressing investor protection, market integrity, and financial stability concerns.

Key recommendations include:

  • Establishing clear rules for crypto asset distributions, custody, and trading.
  • Encouraging coordination among the SEC, CFTC, Treasury, and banking regulators.
  • Using rulemaking, guidance, and exemptions to provide clarity while legislation develops.

SEC Response: Launch of Project Crypto

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