Trump administration’s digital asset task force to submit first major report on cryptocurrency policy on July 22

CoinRank News: According to cryptoinamerica, the Trump administrations digital asset task force is gearing up to submit its first major report on cryptocurrency policy by July 22. The report is the result of months of collaboration between task force leaders David Sacks and Bo Hines and senior officials from the Treasury, Commerce, SEC, and Commodity Futures Trading Commission, and is intended to implement President Trumps January executive order to strengthen the United States leadership in the cryptocurrency sector. The report is expected to include regulatory and legislative recommendations, but the specifics are not yet clear. The task force was originally scheduled to develop a federal digital asset framework covering stablecoins (Congress has already initiated the relevant process) and explore whether to establish a national digital asset reserve (which Trump established in March). Caroline Pham, a member of the task force and acting chair of the CFTC, said in a recent speech that the report will become the governments cryptocurrency roadmap and described the current work as productive. White House officials said the report will be released as planned before the July 22 deadline. Although details of the report have not yet been disclosed, industry insiders speculate that it may include: a strategic Bitcoin reserve funding plan that does not increase the burden on taxpayers, and recommendations to ensure that crypto companies have fair access to institutional banking services such as the Federal Reserve - the Federal Reserve has historically refused to allow crypto companies to directly access its payment system.