The Trump administration's digital asset working group will submit its first important report on Crypto Assets policy on July 22.

On July 7, according to cryptoinamerica, 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 leader David Sacks, Bo Hines, and senior officials from the Treasury Department, Commerce Department, SEC, and CFTC, aimed at implementing the executive order signed by President Trump in January to strengthen the United States' leadership position in the cryptocurrency field. The report is expected to include regulatory and legislative recommendations, but specific details are not yet clear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (Congress has already initiated related procedures) and exploring whether to establish 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 this report will serve as the government's "cryptocurrency roadmap" and described the current work as "productive." White House officials indicated that the report will be released as planned before the July 22 deadline. Although details of the report have not been disclosed, industry insiders speculate it may include: a strategic Bitcoin reserve fundraising plan that does not increase taxpayer burdens, and recommendations to ensure that crypto companies have fair access to banking services from institutions like the Federal Reserve— which has historically refused to allow crypto companies direct access to its payment systems.