The White House is preparing to release its first official report on cryptocurrencies, which is expected to serve as a foundational document for digital asset regulation in the U.S.
Purpose and Content of the Report
The report, ordered under a January directive from President Trump, is expected to be released by July 22. It will address the strategy for digital asset regulation in the U.S., including legislative and regulatory recommendations.
Working Group and Its Composition
The working group behind the report is co-led by U.S. crypto czar David Sacks and Congressman Bo Hines, and includes senior officials from the Treasury Department, the SEC, the CFTC, and the Department of Commerce. They have been meeting for months to coordinate a federal framework that aligns with Trump's goals of making the U.S. a global crypto capital.
Future Measures and Legislative Initiatives
While the specifics of the report remain under wraps, sources indicate several key areas may be addressed, including the creation of a strategic Bitcoin reserve and ensuring fair access for crypto firms to banking services. Congress is preparing to vote on major crypto bills at this time.
The upcoming report is expected to be a significant step in shaping the administration's crypto agenda and could have a major impact on the future of the digital asset sector in the U.S.
