Report on Bitcoin Reserve Proposals to be Released by Trump Administration on July 30

Beau Hines, the Executive Secretary of the Digital Assets Advisory Committee, announced that the White House will publish its inaugural cryptocurrency policy report on July 30. The report is co-led by Special Cryptocurrency Envoy David Sachs and Mr. Hines, in collaboration with the Treasury Department, the Department of Commerce, the SEC, the CFTC, and other relevant agencies. Based on the presidential order of January 23, the report aims to strengthen U.S. leadership in the cryptocurrency sector. It includes proposals for funding mechanisms for a Bitcoin (BTC) strategic reserve and fair access for cryptocurrency firms to the Federal Reserve's payment systems. The presidential order addresses the cryptocurrency industry in the U.S...