A White House working group established by President Donald Trump is preparing to release a highly anticipated report on Wednesday, expected to detail the administration’s approach to tokenisation, crypto regulation, and the broader digital asset policy agenda.
The crypto-focused task force, formed shortly after Trump returned to office in January, marks a key step in fulfilling his campaign promise to revamp U.S. cryptocurrency laws and promote innovation in blockchain technologies.
New Frameworks for Blockchain and Digital Assets
The forthcoming report – the group’s first public findings – will offer recommendations on regulatory frameworks, including how the U.S. Securities and Exchange Commission (SEC) should handle blockchain-based financial instruments such as tokenised stocks and bonds.
One insider noted that the administration views this as central to advancing the digital economy.
The report will also outline the White House’s priorities regarding ongoing crypto legislation in Congress, such as the Clarity Act, which aims to provide clearer regulatory guidelines for the digital asset sector.
Task Force Headed by Bo Hines
Led by Trump adviser Bo Hines, the working group comprises senior officials including Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and Budget Director Russell Vought.
The White House, SEC, and Treasury Department have not issued official comment on the report ahead of its release.
Crypto legal expert Rebecca Rettig, Chief Legal Officer at Jito Labs, described the report as a “roadmap for integrating crypto into the broader economy”. She noted that the current U.S. regulatory landscape has been “piecemeal” and the industry needs coherent federal guidelines.
Trump’s Pro-Crypto Push Marks a Shift from Biden-Era Policy
Trump has consistently pitched himself as a “crypto president”, in sharp contrast to the regulatory crackdowns seen during Joe Biden’s presidency.
Under Biden, federal agencies pursued lawsuits against major crypto exchanges including Coinbase and Binance, accusing them of violating U.S. law. Many of those cases have since been dropped under Trump’s SEC.
Industry observers are keenly awaiting the report’s position on tokenisation – the process of converting real-world assets such as bank deposits, property, or investment funds into digital tokens on the blockchain.
Companies like Coinbase have openly pushed for regulatory approval to issue tokenised securities, though the SEC has yet to take a formal stance.
According to sources familiar with the drafting, the report will acknowledge the need for the SEC to establish a formal framework for tokenisation, though the precise wording remains undisclosed.
Next Steps: Stablecoins and Market Structure Legislation
Earlier this month, Trump signed a new law establishing federal rules for stablecoins, a major victory for the crypto sector.
The White House now wants Congress to move swiftly on comprehensive market structure legislation, which could reshape how digital assets are classified and regulated across the U.S.
For years, the crypto industry has argued that existing laws are ill-suited to blockchain technology, demanding new rules that clarify whether a digital token qualifies as a security, commodity, or other asset class, such as stablecoins.
