The Trump administration is taking another big step toward making the U.S. a global leader in cryptocurrency. Its Digital Asset Task Force is preparing a new crypto policy report, which is expected to be submitted on July 22.
This move follows an executive order signed by President Donald Trump in January, focused on strengthening America’s position in the crypto industry and pushing the country closer to becoming the world’s “crypto capital.”
The comprehensive crypto report may propose a fundraising plan for a strategic bitcoin reserve that does not increase the burden on taxpayers, as reported by industry insiders. However, the details of the report have not been disclosed yet.
If, ultimately, the proposal for fundraising for the Bitcoin reserve is finalized, the American government will acquire even more power in the digital assets arena. The US’s leadership in the cryptocurrency sector will be redefined with a new crypto report.
The US federal crypto leaders David Hacks and Bo Hines, along with the senior officials from the Treasury, Commerce Department, SEC, and CFTC, collaborated to form a new crypto report for America. The report is likely to suggest major actions like–
Caroline Pham, the acting Chair of CFTC and task force member called the report a “ cryptocurrency roadmap” as it will highlight the efforts put in by US officials. The report is expected to include regulatory and legislative recommendations as the officials are exploring the establishment of a national digital asset reserve, which Trump established in March.
The US administration’s proactive stance on crypto addresses the challenges and opportunities in cryptocurrency. Recently, the administration also declared a ‘crypto week’ on July 14. The US officials stated that the crypto report moment could be a key moment to influence Trump’s election.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin (BTC) is getting close to its next all-time high. Investors looking for a bigger…
BlackRock is planning to launch its iShares Bitcoin ETP in the UK on or after…
The U.S. markets today opened mixed as traders awaited key economic data, while crypto markets…
In the midst of a difficult year for the traditional finance sector, the PayDax Protocol…
Story Highlights The live price of the ICP crypto is . Internet Computer price could…
In 2023, Pepe Coin (PEPE) stunned the market by turning a meme into a billion-dollar…
