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

ChainCatcher news, according to Forbes, the latest digital asset report released by the White House explicitly supports individuals' rights to self-custody of digital assets without relying on financial intermediaries, recommending that Congress clarify this right in legislation.

The report emphasizes the importance of peer-to-peer transfers, considering it a core element of individual autonomy and digital financial innovation. The report also acknowledges that privacy-enhancing technologies such as crypto mixers, privacy coins, and zero-knowledge proofs, while protecting users' legitimate rights, may also be misused by illegal actors for money laundering activities. Taking the Tornado Cash case as an example, federal prosecutors accused the privacy protocol of being used for laundering billions of dollars, but its founder Roman Storm argued that he merely released open-source code and did not control how users utilized the protocol.