The Trump Administration's Digital Assets Task Force will submit its first major report on cryptocurrency policy on July 22

On July 7th, the Trump administration's Digital Assets Task Force is gearing up to submit its first major report on cryptocurrency policy by July 22nd. The report is the result of months of collaboration between task force leaders David Sacks and Bo Hines, and the top brass of the Treasury, Commerce, SEC, Commodity Futures Trading Commission, and other departments. It aims to implement the executive order signed by President Trump in January to strengthen the leadership of the US cryptocurrency sector. The report is expected to contain regulatory and legislative recommendations, but the details are not yet clear. The original tasks of the working group included developing a federal digital asset framework covering stablecoins (Congress has initiated relevant procedures), and exploring whether to establish a national digital asset reserve (which Trump established in March).
While details of the report have not been disclosed, industry speculation could include a strategic bitcoin reserve funding package that does not burden taxpayers, as well as proposals to ensure fair access for crypto companies to banks such as the Federal Reserve, which has historically denied crypto companies direct access to its payment system.