Trump's Crypto Group's July 22 Deadline

President Donald Trump’s Working Group on Digital Asset Markets is nearing its deadline. By July 22, the group must submit its final report outlining a proposed federal framework for digital asset regulation. This follows a January 23 executive order establishing the group and its mandate.

Key Areas of Focus

• Stablecoin Regulation: The proposals will address the regulatory challenges surrounding stablecoins, ensuring their stability and safety for consumers.
• Market Oversight: Enhanced market surveillance and regulatory measures will be proposed to mitigate risks and protect investors.
• Consumer Protection: The report aims to strengthen consumer protection mechanisms within the digital asset market.
• Jurisdictional Clarity: The proposals will seek to clarify the often-ambiguous jurisdictional boundaries between federal regulators like the SEC and CFTC.

The report will also consider a national digital asset stockpile, though a separate executive order already established the framework for its creation. This initiative, along with the broader regulatory framework, signifies the Trump administration's proactive approach to the growing digital asset landscape.

The Working Group and its Leadership

Housed within the National Economic Council, the group is headed by David Sacks, the White House’s AI and crypto czar. Key agencies such as the Treasury Department, Justice Department, SEC, and CFTC are participating in the initiative.

Bo Hines, Executive Director of the Presidential Council of Advisors for Digital Assets (chaired by Sacks), recently indicated a potential early release of a Treasury Department report detailing US government Bitcoin holdings. This proactive approach underscores the administration’s commitment to transparency and responsible digital asset management.

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