A cryptocurrency working group formed by President Donald Trumpon Wednesday outlined the administration's stances on market-defining crypto legislation and called on the U.S. securities regulator to create new rules specific to digital assets.

Shortly after taking office in January, Trump ordered the creation of a crypto working group tasked with proposing new regulations, making good on his campaign promise to overhaul U.S. crypto policy.

The report will lay out what rules and laws should be enacted to advance the policy goals of President Trump's pro-crypto White House.

The White House is urging all elements of government to make sweeping changes as quickly as possible and enable a "Golden Age" for the cryptocurrency industry. Why it matters: From taxes to mortgages to retirement,

The report on the government's crypto plans doesn't offer a ton of surprises, mostly echoing familiar policy work, and it's got nothing new on the crypto stockpiles.