Trump's executive director Bo Hines: The president’s working group on digital assets has completed the 180-day report. It will be released publicly on July 30th

Trump's executive director Bo Hines: The president’s working group on digital assets has completed the 180-day report. It will be released publicly on July 30th

The Trump administration's working group on digital assets has completed its 180-day report, which is set to be released publicly on July 30th. The report, mandated by Executive Order 14178 signed by President Trump on his third day in office, aims to address key topics in digital asset regulation and management.

The working group, known as the "President’s Working Group on Digital Asset Markets," includes high-ranking officials from various government agencies. It was tasked with producing a report on two primary topics: how to regulate digital assets and how to manage a digital asset stockpile. The report is expected to focus on high-level principles and legal protections for decentralized finance (DeFi) developers, while also encouraging domestic tech growth.

The report is likely to be non-prescriptive, as it will primarily celebrate the passage of the GENIUS Act and lay out broad principles for market structure legislation. However, it may also address specific issues such as the interpretation of 2019 FinCEN guidance on blockchain-based apps that do not control customer funds.

The report will be released by Bo Hines, Trump's liaison to the crypto industry, but he is not the primary author. The report's primary author is Tyler Williams, a career political operative and crypto policy consultant who has been instrumental in drafting the policy positions that inform President Trump's actions on crypto. Williams, who serves as Counselor to Treasury Secretary Scott Bessent, has been coordinating the working group's efforts and editing the report to ensure all parties agree on its contents.

The report is expected to provide insights into the administration's plans for increasing the government's bitcoin reserves and shaping future federal legislation related to crypto markets. It may also discuss budget-neutral strategies for acquiring more bitcoin and other potential uses of the Exchange Stabilization Fund.

The working group's efforts have been ongoing since late February, with Williams leading the drafting process and coordinating with other departments to ensure the report's contents are comprehensive and balanced. The report's release is anticipated to provide clarity on the administration's stance on crypto regulation and management, potentially influencing future legislative efforts.

[1] https://www.projectglitch.xyz/p/the-man-helping-trump-make-up-his