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 ChainCatcher news and a report by Forbes, the latest digital asset report released by the White House clearly supports individuals' right to self-custody of digital assets, without relying on financial intermediaries, and recommends that Congress explicitly legislate this right. The report emphasizes the importance of peer-to-peer transfers, considering it a core element of personal autonomy and digital financial innovation. The report also acknowledges that privacy-enhancing technologies such as encryption mixers, Privacy Coins, and zk-SNARKs can protect users' legitimate rights and interests, but may also be abused by illegal actors for Money Laundering activities. Taking the Tornado Cash case as an example, federal prosecutors alleged that this privacy protocol was used for Money Laundering billions of dollars, but its founder Roman Storm argued that he only released the Open Source code and did not control how users utilized the protocol.