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The Trump Administration's Digital Asset Working Group is set to submit its first cryptocurrency policy milestone report on July 22nd.
BlockBeats News, July 7th, according to cryptoinamerica, the Trump administration's Digital Asset Working Group is intensively preparing to submit the first important cryptocurrency policy report before July 22nd.
This report is the result of several months of collaboration between the working group led by David Sacks and Bo Hines and high-level officials from the Treasury Department, Commerce Department, SEC, CFTC, and other agencies, aiming to implement the executive order signed by President Trump in January to strengthen America's leadership in the cryptocurrency field. The report is expected to include regulatory and legislative recommendations, but the specific content is not yet clear. The original mission of the working group included developing a federal digital asset framework covering stablecoins (Congress has initiated relevant procedures) and exploring the establishment of a national digital asset reserve (established by Trump in March).
Caroline Pham, a member of the working group and acting chairman of the CFTC, stated in a recent speech that this report will serve as the government's "cryptocurrency roadmap" and described the current work as "productive." White House officials stated that the report will be released as planned by the July 22nd deadline.
Although the details of the report have not been disclosed, industry insiders speculate that it may include: a strategic Bitcoin reserve fundraising plan that does not increase the taxpayer burden, and recommendations to ensure that cryptocurrency companies have fair access to services from institutions such as the Federal Reserve — the Federal Reserve has always refused to allow cryptocurrency companies direct access to its payment systems.
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