CoinVoice recently learned from Crypto In America that the Trump administration's digital asset working group is preparing to submit its first major cryptocurrency policy report by July 22.
This report is the result of months of collaboration between working group leaders David Sacks, Bo Hines, and senior officials from the Treasury Department, Commerce Department, SEC, CFTC, and other agencies, aimed at implementing President Trump's executive order signed in January to strengthen the U.S. leadership in the cryptocurrency space. The report is expected to include regulatory and legislative recommendations, but specific content remains 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 set up 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 have indicated that the report will be released as planned before the July 22 deadline.
Although the details of the report have not yet been disclosed, industry insiders speculate that it may include: a strategic Bitcoin reserve fundraising plan that does not increase taxpayer burdens, as well as recommendations to ensure that crypto companies can fairly access banking services from institutions like the Federal Reserve— which has traditionally refused to allow crypto companies direct access to its payment systems. [Original link]
