The Trump administration's Digital Assets Working Group will submit its first important report on cryptocurrency policy on July 22nd

Odaily Planet Daily News: According to Cryptocurrency, the Trump administration's Digital Asset Working Group is intensifying preparations to submit its first important report on cryptocurrency policy before July 22. This report is the result of months of collaboration between working group leaders David Sacks and Bo Hines, as well as senior officials from departments such as the Treasury, Commerce, Securities and Exchange Commission, and Commodity Futures Trading Commission, aimed at implementing President Trump's executive order signed in January to strengthen the leadership position in the US cryptocurrency industry. The report is expected to include regulatory and legislative recommendations, but the specific content is not yet clear. The original tasks of the working group included developing a federal digital asset framework covering stablecoins (Congress has initiated relevant procedures), as well as exploring whether to establish a national digital asset reserve (which Trump established in March). Caroline Pham, a member of the working group and acting chair of the CFTC, stated in a recent speech that the report will become the government's "cryptocurrency roadmap" and described the current work as "productive". White House officials stated that the report will be released as planned before the deadline of July 22nd. Although the details of the report have not been disclosed yet, industry insiders speculate that it may include a strategic Bitcoin reserve funding plan that does not increase the burden on taxpayers, as well as recommendations to ensure that cryptocurrency companies have fair access to banking services from institutions such as the Federal Reserve, which has historically refused to allow cryptocurrency companies to directly access its payment system.