According to ChainCatcher, citing Crypto In America, the Trump administration's digital asset working group is preparing to submit its first critical cryptocurrency policy report before July 22.
The report is the result of months of collaboration between Working Group leaders David Sacks and Bo Hines with senior officials from the Treasury Department, Commerce Department, SEC, and CFTC, aimed at implementing the executive order signed by President Trump in January to strengthen U.S. leadership in the cryptocurrency sector. The report is expected to include regulatory and legislative recommendations, though specific details remain unclear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (with Congress already initiating related procedures) and exploring the establishment of a national digital asset reserve (which Trump established in March).
Working group member and CFTC Acting Chair Caroline Pham stated in a recent speech that the report will serve as the government's "cryptocurrency roadmap" and described the current work as "productive". White House officials indicated that the report will be released as planned before the July 22 deadline.
Although report details have not yet been disclosed, industry experts speculate it may include a strategic Bitcoin reserve financing plan that does not increase taxpayer burden, and recommendations to ensure crypto companies fairly access banking services from institutions like the Federal Reserve—which has historically refused to allow crypto companies direct access to its payment system.
