On July 7, it was reported that the Trump administration's Digital Assets Working Group is stepping up preparations to submit its first important report on cryptocurrency policy before July 22. This report is the result of months of collaboration between working group leaders David Sacks and Bo Hines and senior officials from the Treasury Department, the Commerce Department, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. It aims to implement the executive order signed by President Trump in January to strengthen U.S. leadership in the cryptocurrency field. The report is expected to contain regulatory and legislative recommendations, but the details are unclear. The original tasks of the working group included developing a federal digital asset framework covering stablecoins (Congress has initiated relevant procedures) and exploring whether to establish a national digital asset reserve (Trump established in March). Although details of the report have not been disclosed, industry insiders speculate that it may include: a strategic bitcoin reserve funding plan that does not increase the burden on taxpayers, and suggestions to ensure that crypto companies have fair access to banking services from institutions such as the Federal Reserve-the Federal Reserve has historically refused to allow crypto companies to directly access its payment system.