President Trump’s Digital Assets Working Group is scheduled to release a report this afternoon, detailing the administration’s Web3-related accomplishments. A preview circulated among media outlets has fueled community speculation.
Specifically, there’s a lot of confusion about the Crypto Strategic Reserve. Judging by publicly available information, the preview seems to acknowledge Trump’s executive order without discussing practical steps to create this Reserve.
What is Trump’s Newest Crypto Report?
Since taking office, President Trump has had a huge impact on the crypto sector, fighting debanking, curtailing federal enforcement, and signing pivotal new bills into law.
One of Trump’s first crypto-related acts as President was an executive order creating a Digital Assets Working Group and commissioning a report on the US Web3 economy. It’s almost here.
“By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and ushers in the Golden Age of Crypto,” the report’s fact sheet claimed.
Although Trump’s full crypto report isn’t publicly available yet, press outlets like Bloomberg received an advance preview. This report details a list of the President’s recent accomplishments, many of which were listed above.
However, the community quickly pounced on one notion: where is the Crypto Strategic Reserve?
Since Trump first signed an executive order for this Reserve, there haven’t been many updates. Critics have attacked its inclusion of altcoins and possible funding challenges, and the US owns less Bitcoin than anticipated. Comments from a Senate hearing are the only real update we’ve had in months.
In other words, we don’t have any idea how far progress has come. When we can expect the Reserve, what it will contain, how it will work, etc, are all mysteries.
And yet, extra confusion comes from a few social media figures, who claimed that Trump’s report does discuss a Crypto Reserve.
So, how can informed users separate signal from noise here? It seems likely that this report includes Trump’s executive order as an achievement without providing fresh information.
Until the full document is public, however, we can’t know. Cathie Wood claimed that it’ll come out in the early afternoon, coinciding with Jerome Powell’s post-FOMC press conference.
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