The White House Prepares to Release First Official Crypto Report
The White House is gearing up to unveil its inaugural crypto report following months of internal work. As reported by Crypto in America on Monday, this report, mandated under a January executive directive from President Trump, is scheduled for release by July 22. Anticipated to outline a comprehensive strategy for the regulation of digital assets in the United States, it will mark the administration’s initial formal stance on how federal agencies should approach the crypto sector, encompassing legislative and regulatory recommendations.
The task force responsible for compiling the report is co-chaired by U.S. crypto czar David Sacks and Congressman Bo Hines, and includes top officials from the Treasury Department, the SEC, the CFTC, and the Department of Commerce.
Sources familiar with the discussions revealed that the group has been convening for an extended period to develop a federal framework that aligns with Trump’s objective of solidifying the United States as the global hub for cryptocurrencies.
While the specific details of the report are still confidential, early indications suggest several focal points. One potential recommendation is the establishment of a strategic Bitcoin reserve, a concept previously endorsed by Trump earlier this year. Additionally, the group is reportedly exploring ways to ensure that crypto companies have equitable access to banking services, particularly concerning the Federal Reserve’s role in facilitating access to payment infrastructures.
Acting CFTC Chair Caroline Pham described the ongoing deliberations as “productive and fruitful,” positioning the upcoming report as a potential roadmap for the administration’s crypto agenda.
The impending release on July 22 coincides with Congress preparing to vote on a series of significant crypto bills, including the GENIUS stablecoin Act and other legislation addressing market structure and central bank digital currencies.
Simultaneously, the Senate Banking Committee is primed to conduct a hearing on the regulation of the crypto industry later this week, featuring testimony from prominent figures in the sector such as Ripple CEO Brad Garlinghouse, Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, and Paradigm General Partner Dan Robinson.