The Trump administration is about to receive its first key report on the future of digital assets. The White House Task Force on Digital Asset Markets has announced that it will present its first official report to President Donald Trump on July 22, 2025 – and expectations are running high.
What Will the Report Include?
According to early details, the report may include:
🔹 Proposals for new legislation and regulatory frameworks
🔹 Recommendations to establish a National Digital Reserve
🔹 Measures to ensure fair access to banking services for crypto firms
This document could significantly shape U.S. crypto policy and indicate the direction the American digital asset market will take under Trump’s leadership.
Meanwhile, the Senate Moves Swiftly
While the House of Representatives is on break this week due to a calendar adjustment after passing the "One Big Beautiful" budget proposal, the Senate is actively engaged.
On Wednesday, the Senate Banking Committee will hold a hearing focused on creating a regulatory framework for the $3 trillion digital asset sector. A comprehensive market structure bill is also expected to be unveiled by the end of the week.
Merging Key Legislative Proposals
The new bill is expected to combine elements from:
🔹 The 2023 Lummis-Gillibrand Responsible Financial Innovation Act
🔹 The CLARITY Act focused on digital asset transparency
The Senate Agriculture Committee is also preparing to host a separate hearing, highlighting the growing role of commodity oversight in the crypto space.
Key Votes Ahead in the House
Next week, the House is set to vote on several crucial crypto-related bills, including:
🔹 The stablecoin regulation bill (already passed in the Senate)
🔹 The GENIUS Act – expected to reach Trump’s desk unamended
🔹 The CLARITY Act
🔹 The Anti-CBDC Surveillance State Act – aimed at halting the Fed’s development of any digital currency
Trump’s administration has emphasized that it wants the GENIUS Act to pass “clean,” meaning with no added provisions. This signals a strong desire to curb the Federal Reserve’s power to create a U.S. central bank digital currency (CBDC).
Will Crypto Taxation Return to the Agenda?
The House Subcommittee on Taxation and Oversight plans to reschedule a previously postponed hearing on the taxation of digital assets, potentially impacting investors and industry participants.
🎯 Summary: July 22 is shaping up to be a crucial date for the crypto world – as the first official report on digital assets is presented directly to the U.S. President. This could mark a turning point in U.S. crypto policy and influence global approaches to cryptocurrency regulation.
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