The White House digital asset report supports individuals' rights to self-custody of digital assets and recommends that Congress clarify this right in legislation.

According to a report by Forbes on October 23, the latest digital asset report released by the White House clearly supports individuals' rights to legally hold and manage digital assets through self-custody, without relying on financial intermediaries, and recommends that Congress clarify this right in legislation. The report emphasizes the importance of peer-to-peer transfers, considering them a core element of personal autonomy and digital financial innovation.

The report also acknowledges that privacy-enhancing technologies such as crypto mixers, privacy coins, and zero-knowledge proofs may be misused by illegal actors for money laundering while protecting the legitimate rights and interests of users. Taking the Tornado Cash case as an example, federal prosecutors accused the privacy protocol of being used to launder billions of dollars, but its founder Roman Storm argued that he only released open-source code and did not control how users utilized the protocol.