On July 7, news reported that the Trump administration's digital assets working group is intensifying preparations to submit its first important cryptocurrency policy report by July 22. This report is the result of months of collaboration between working group leader David Sacks, Bo Hines, and senior officials from the Treasury Department, Commerce Department, SEC, CFTC, and other agencies, aimed at implementing the executive order signed by President Trump in January to strengthen the United States' leadership in the cryptocurrency sector. The report is expected to include regulatory and legislative recommendations, but specific details remain unclear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (Congress has already initiated related procedures) and exploring the establishment of a national digital asset reserve (which Trump established in March).

Although the report's details have not been disclosed, industry insiders speculate it may include: a strategic Bitcoin reserve fundraising plan that does not increase taxpayer burdens, as well as recommendations to ensure that cryptocurrency companies fairly access banking services from institutions like the Federal Reserve — which has historically refused to allow crypto companies direct access to its payment systems.