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

According to Crypto In America, the Trump administration's digital asset working group is stepping up 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 and senior officials from the Treasury Department, the Department of Commerce, the SEC, the Commodity Futures Trading Commission, and other departments. It aims to implement President Trump's executive order signed in January to strengthen the United States' leadership in the cryptocurrency field. The report is expected to include regulatory and legislative recommendations, but the specific content is not yet clear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (Congress has initiated relevant procedures) and exploring whether to establish a national digital asset reserve (Trump established it in March). Working group member and acting CFTC Chairman Caroline Pham said in a recent speech that the report will become the government's "cryptocurrency roadmap" and described the current work as "productive." White House officials said the report will be released as planned by the deadline of July 22. Although the details of the report have not yet been disclosed, industry insiders speculate that it may include: a strategic Bitcoin reserve financing plan that does not increase the burden on taxpayers, and recommendations to ensure that crypto companies have fair access to banking services from institutions such as the Federal Reserve—the Federal Reserve has historically refused to allow crypto companies to directly access its payment system. [ChainCatcher]