Key Points
- A special crypto task force created by President Trump will release its first major policy report on Wednesday.
- The report will outline the administration’s plans for key issues like tokenization and new crypto legislation.
- It is expected to push the SEC to create a framework for offering blockchain-based stocks and bonds.
- The report will also detail what the White House wants to see in the broader crypto market structure bill now in Congress.
President Donald Trump’s special crypto working group is set to release a major report on Wednesday that will outline the administration’s vision for the digital asset industry. The report is expected to cover key issues like “tokenization” and new crypto legislation currently being debated in Congress.
This is the first public report from the task force, which Trump created shortly after taking office to deliver on his campaign promise to overhaul U.S. crypto policy. The group’s goal is to propose new rules that will help make the U.S. a global leader in the crypto space.
One key area the report will address is tokenization—the process of turning traditional financial assets like stocks and bonds into crypto assets that can be traded on a blockchain. The report is expected to prompt the Securities and Exchange Commission (SEC) to establish a framework for companies to issue these new blockchain-based securities.
The working group, led by Trump official Bo Hines, will also lay out the White House’s wish list for the broader crypto market structure legislation that is working its way through Congress. This follows the recent passage of a landmark law to regulate stablecoins, which was seen as a huge win for the industry.
The report reflects a dramatic shift in crypto policy from the previous administration. While President Biden’s regulators cracked down on the industry over fraud concerns, the Trump administration has taken a much more pro-crypto stance.
