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The White House’s digital asset report affirms self-custody as a core principle while highlighting privacy technology concerns. Legal experts warn regulatory uncertainty could push innovation overseas as courts weigh constitutional questions.

White House Backs Self-Custody While Privacy Tools Face Scrutiny

The Biden administration has affirmed the importance of self-custody and privacy-enhancing technologies as fundamental to digital asset ownership, according to recent reports. The White House’s digital asset framework explicitly supports individuals’ rights to lawfully hold and manage their own assets without financial intermediaries, sources indicate. The report recommends Congress clarify these rights through legislation while acknowledging the same technologies empowering legitimate users can be misused by illicit actors.