Trump’s July 30 Crypto Report to Back Stablecoins, Rejects CBDCs, Eyes Bitcoin Reserve

Presidential Working Group to deliver comprehensive digital asset policy report. Framework bans retail CBDCs while promoting USD-backed stablecoin adoption. Strategic Bitcoin reserve and token classification guidance are expected in the document. President Donald Trump’s highly anticipated digital asset policy report will be released on July 30, meeting the 180-day mandate of his January 23 Executive Order to strengthen American leadership in digital financial technology. The comprehensive framework promises to transform federal cryptocurrency regulation by incorporating pro-innovation principles. The Presidential Working Group on Digital Asset Markets, directed by Special Advisor David Sacks, has developed suggestions for regulatory control, market structure, and consumer protection. The research was released after Trump rescinded Biden’s 2022 digital asset executive order. Report To Outline Clear Regulatory Boundaries The framework explicitly bans the creation or endorsement of a US central bank digital currency while encouraging lawful access to open public blockchain networks. This position contrasts sharply with previous administration approaches … The post Trump’s July 30 Crypto Report to Back Stablecoins, Rejects CBDCs, Eyes Bitcoin Reserve appeared first on Coin Edition .

Source: Coin Edition