The Trump administration is expected to release a much-anticipated report today that will outline its approach to digital assets.
This marks a significant step in shaping future crypto regulation in the U.S.
The report comes from a cryptocurrency working group President Trump established shortly after taking office. Led by Bo Hines and including key figures like Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and OMB Director Russell Vought, the group was tasked with delivering on Trump’s campaign promise to revamp the country’s crypto policies.
The President’s Working Group on Digital Assets has completed the 180-day report. It will be released publicly on July 30th.
America is now leading the way on digital asset policy 🇺🇸
— Bo Hines (@BoHines47) July 23, 2025
This first public report is expected to lay out how the administration wants to regulate key areas of the crypto space—particularly tokenization, stablecoins, and the broader market structure. Tokenization, which involves turning traditional assets like stocks, bonds, and real estate into blockchain-based tokens, is one area the administration sees as critical to modernizing financial markets. The SEC is being urged to create a clear framework for this, though no official response has come yet.
READ MORE: Can Tokenization Transform US Financial Markets if Trump Clears the Way?
Another major theme is legislation. The report is expected to highlight what the White House wants from Congress in terms of passing crypto-friendly laws. Earlier this month, the House passed the Clarity Act—a bill aiming to create a structured regulatory framework for cryptocurrencies. The Senate is currently reviewing its own version. The report is likely to support moving that process forward.
Trump’s signing of a federal stablecoin bill earlier this month was seen as a big win for the industry, and today’s report is expected to build on that momentum by pushing for more comprehensive rules around crypto market operations.
Industry leaders hope the report brings much-needed clarity. “If the recommendations are strong, this could be a turning point for crypto in the U.S.,” said Rebecca Rettig, Chief Legal Officer at Jito Labs.
Trump’s pro-crypto stance is a sharp shift from the previous administration, which took a more aggressive enforcement approach. Many of the lawsuits filed under Biden’s SEC against major exchanges like Coinbase and Binance have since been dropped.
The full report is expected to be published on the White House website later today.
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