The White House has laid out its plan to usher in a “new American Golden Age,” with cryptocurrency at its center.

In a 160-page report published Wednesday, White House representatives outlined a series of recommendations to federal government officials as they set about building a legal framework and regulatory ruleset for companies handling crypto assets in the US.

If put into action by lawmakers and regulators, the recommendations would effectively gift the crypto industry—which spent hundreds of millions of dollars influencing 2024 congressional races—practically everything it had been calling for during the Biden administration.

Among other items, the White House recommends that Congress enacts laws that resolve the long-running debate over the classification of crypto assets and embrace the concept of decentralized finance; financial watchdogs use safe harbors and regulatory sandboxes in the meantime to “allow innovative financial products to reach consumers without bureaucratic delays”; and regulators allow banks to deal in crypto assets and prevent further alleged discrimination against crypto businesses.

“Digital assets and blockchain technologies can revolutionize not just America’s financial system, but systems of ownership and governance economy-wide,” the report claims. “American entrepreneurs who pioneer new industries using these technologies deserve both clarity on the policies that affect their efforts and praise for the progress they have made.”

The report—described as a “