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The White House's first Crypto Assets report will be released tonight at 2:30.
On July 30, later today, the White House will release the long-awaited "180-Day Report on Digital Assets." The White House will hold a press conference at 2:30 PM Eastern Time, during which several senior government officials will attend to interpret the recommendations presented in the report. This report stems from an executive order signed by President Trump in January of this year, which directed the "President's Working Group on Digital Asset Markets" to strengthen the United States' leadership in the digital financial technology sector. The forthcoming report is the result of six months of efforts by the working group, which consists of David Sacks, the White House Director of Crypto and AI Affairs, Executive Director Bo Hines, and senior officials from the Department of the Treasury, the Department of Commerce, the SEC, the CFTC, and other agencies. Their task is to formulate regulatory and legislative proposals to advance the Trump administration's "crypto-friendly" agenda. Despite widespread speculation about the content of the report within the industry, it is surprising that, as of now, there has been no leaks from the participating departments or the White House, and the report remains highly confidential. According to the initial scope of the working group's authorization, the report may address the establishment of a federal framework for digital assets, particularly stablecoins (Congress has already completed this task with the passage of the "GENIUS Act"); it may also explore the feasibility of establishing a national strategic reserve for digital assets—a strategic reserve that was formally established by Trump via executive order in March of this year. Some industry insiders speculate that the report may propose funding solutions for the proposed strategic Bitcoin reserve without increasing the burden on taxpayers—Treasury Secretary and Commerce Secretary have been directed to conduct research on this.