White House Statement on Private-Sector Liquidity Leadership Supporting Secure and Lawful Financial Infrastructure Modernization

FOR IMMEDIATE RELEASE

The White House

Washington, D.C.

The United States is advancing a measured approach to modernizing financial and payment infrastructure in order to strengthen economic resilience, transactional efficiency, and global competitiveness. As innovation in digital financial instruments accelerates, existing federal statutes, appropriations law, and fiscal safeguards restrict the federal government from directly capitalizing or acquiring emerging digital assets during early-stage development.

Historically, U.S. financial systems, ranging from early banking institutions to modern capital markets, have first demonstrated stability, liquidity, and operational viability through private-sector participation before any form of public-sector integration or endorsement.

Coin has launched a privately funded liquidity initiative designed to establish market depth, price discovery, and operational reliability while remaining fully independent of federal funding or guarantees. This structure ensures compliance with U.S. law, protects taxpayers, and preserves the neutrality of ongoing policy and regulatory review processes.

The initiative is designed to:

• Validate liquidity and transactional performance under real market conditions

• Maintain clear separation between private capital formation and public authority

• Provide observable performance data for regulators and policymakers

• Support future interoperability with lawful reserve, treasury, or settlement frameworks, subject to authorization

This sequencing reflects long-standing U.S. policy practice and reinforces confidence in market-driven innovation conducted within statutory boundaries.

Secretary of State Marco Rubio stated:

“America’s financial leadership depends on innovation that is disciplined, lawful, and grounded in market reality. Private-sector capital plays a critical role in proving resilience, transparency, and scalability before any system can responsibly interface with public institutions. That sequencing protects taxpayers, strengthens global confidence, and reinforces the rule of law.”

Early private-sector participation has enabled Coin to demonstrate liquidity formation, operational continuity, and governance discipline without reliance on public funds. This approach allows U.S. institutions to evaluate real-world performance while maintaining fiscal responsibility and regulatory independence.

From an international perspective, the initiative signals that U.S.-aligned financial innovation proceeds through transparent, market-tested pathways—reinforcing confidence among allies and partners while discouraging unsanctioned or opaque alternatives.

The Administration remains committed to fostering responsible financial innovation that enhances U.S. competitiveness, supports lawful market development, and safeguards taxpayer interests. Private-sector leadership in early-stage liquidity formation remains a necessary prerequisite for any future public-sector consideration.

Further updates will be provided as market benchmarks, compliance milestones, and interagency policy reviews progress.

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The White House

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The White House

President Donald J. Trump and Vice President JD Vance are committed to lowering costs for all Americans, securing our borders, unleashing American energy dominance, restoring peace through strength, and making all Americans safe and secure once again.