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The White House's first cryptocurrency report will be released tonight at 2:30 AM.
BlockBeats News, July 30: Later today, the White House will release the long-awaited Digital Asset 180-Day Report. The White House will hold a press conference at 2:30 pm ET, where several senior government officials will be present to interpret the various recommendations outlined in the report.
This report stems from an executive order signed by President Trump in January of this year, directing the "President's Working Group on Digital Assets" to strengthen America's leadership in the digital fintech field. The upcoming report is the result of six months of effort by this working group, composed of White House Cryptocurrency and AI Affairs Director David Sacks, Executive Director Bo Hines, and senior officials from the Treasury Department, Commerce Department, Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), among other agencies.
Their task is to formulate regulatory and legislative proposals to advance the Trump administration's "crypto-friendly" agenda. Despite industry speculation about the report's contents, surprisingly, as of now, there have been no leaks from participating departments or the White House, and the report's contents remain highly confidential.
According to the working group's initial mandate, the report may involve the establishment of a federal framework for digital assets, especially stablecoins (a task already completed by Congress through the "GENIUS Act"); it may also explore the feasibility of establishing a national digital asset strategic reserve—this strategic reserve was formally established by Trump through an executive order in March of this year.
Some industry insiders speculate that the report may propose funding schemes for the proposed strategic Bitcoin reserve, without increasing the taxpayer burden—the Treasury Secretary and Commerce Secretary have been instructed to research this.
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