BO HINES, THE WHITE HOUSE

Digital Assets Adviser: Administration is standardizing crypto policy through staged reports to re‑shore innovation.

Watch the full session in this link → [URL]
(04:10:15–04:18:45)

“We’re working diligently… on our 180‑day report… to show what is the most robust framework we can possibly have.” Hines and Treasury outlined the 30/60‑day milestones and a comprehensive July 22 report spanning tax, market structure, and the strategic reserve—paired with an open‑door posture to “welcome home” builders and clarify commodity/security lines.

■ 30/60‑day agency reviews + recommendations completed
■ 180‑day report to cover tax, market structure, reserve
■ Pledge to provide classification clarity (security vs. commodity)
■ Agencies urging firms to pitch ideas onshore (“welcome home”)

✅ @LedgerNotes: High
A federal blueprint could standardize revenue recognition, token classification, and broker/dealer obligations. Controllers may need to adapt chart‑of‑accounts for staking, tokenized instruments, and reserve disclosures. Expect potential updates to 1099 rules, cost‑basis tracking, and SAFEs/SAFTs classification; auditors might require refreshed policies on fair value vs. intangible treatment and expanded tax position documentation as definitions tighten.