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According to reliable sources, the U.S. White House Digital Asset Market Working Group is expected to release its first cryptocurrency policy report on July 22. This highly anticipated document stems from an executive order signed earlier this year, aimed at consolidating the United States' leadership in the global crypto assets arena.
The report was prepared by a team led by David Sacks and Bo Hines, gathering expert opinions from multiple government agencies including the Department of the Treasury, the Department of Commerce, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC). The report is expected to propose a series of regulatory and legislative recommendations, potentially involving Bitcoin strategic reserve financing plans and providing fair access to the Federal Reserve payment system for Crypto Assets businesses, among other important topics.
The acting chairman of the CFTC stated that this report will serve as an important guide for the government in formulating monetary policy for Crypto Assets. In the short term, the tone and specific content of the report may trigger market fluctuations. If the report takes a supportive stance towards innovation, it may boost market sentiment and attract more institutional investors into the Crypto Assets market.
It is worth noting that the release of this report will interact with the relevant legislative processes in Congress, jointly promoting the improvement of the regulatory framework for the US Crypto Assets market. This marks the entry of US Crypto Assets regulation into a new phase, which will have a profound impact on the future development of the entire industry.
As the report's release date approaches, industry insiders and investors are closely following this important document that could change the landscape of the industry. Regardless of the outcome, this report will undoubtedly become an important milestone in the development of the United States' Crypto Assets monetary policy.