President Trump’s cryptocurrency working group will release a long-awaited report on Wednesday outlining the administration’s pro-crypto regulatory agenda. The document is expected to propose new frameworks for tokenized securities, stablecoins, and legislation to define U.S. crypto market structure, potentially reshaping digital asset oversight for years to come.
Inside the First Crypto Blueprint
Formed in January under Trump’s executive order, the task force, led by Bo Hines and composed of key officials including Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and OMB Director Russell Vought was established to deliver on Trump’s campaign promise of a crypto-forward administration.
The task force’s first public report is expected to outline the SEC’s role in facilitating blockchain-based securities, recommend legislative paths for defining market structure, and propose expanded rules for stablecoins building on the recently passed Stablecoin Act. “The recommendations that we expect to see in the report will be a good roadmap for how to build out crypto as a continued important part of the economy going forward,” said Rebecca Rettig, chief legal officer at crypto firm Jito Labs.
It also follows Trump’s signing of the GENIUS Act, the administration’s first formal crypto legislation aimed at supporting blockchain startups and setting clear ground rules for digital assets. The White House, Treasury, and SEC have not yet commented on the final wording of the report.
What will be the key focus?
The report is expected to spotlight tokenization, converting traditional financial assets into crypto-based representations, as a cornerstone of financial innovation. Industry leaders such as Coinbase have already sought approval to issue tokenized stocks in the U.S., but regulators have yet to provide clarity.
Alongside tokenization, the report will likely support the Clarity Act, a House-passed bill establishing a new regime for determining whether crypto assets are securities or commodities. The Senate is now reviewing a companion bill, and Trump has signaled support for swift passage.
What’s Next
As the crypto industry awaits the full release of the report, all eyes are on how its recommendations will translate into legislative and regulatory action in the coming months. While supporters view this as a major step toward regulatory clarity, critics have raised concerns about potential conflicts of interest. They point to Trump’s personal holdings in World Liberty Financial, a crypto platform, and his family’s launch of meme coins.
The White House has denied any conflicts, but questions remain about whether Trump’s pro-crypto stance is driven by national economic priorities or personal and political interests. Still, many analysts argue the industry stands to benefit from “regulatory normalization” if the report prompts meaningful coordination between Congress, the SEC, and other agencies.
Also Read: SEC Chairman and Commissioner Welcome GENIUS Act Approval
