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The upcoming cryptocurrency policy report from the White House is expected to include views on tokenization and recommendations for cryptocurrency legislation.
PANews July 30 news, according to Reuters, the cryptocurrency working group established by President Trump will release a report on Wednesday local time, which is expected to outline the government's position on tokenization and market-defining crypto legislation, as well as other issues critical to the digital asset industry. The report on Wednesday is a summary of the working group's work to date and represents its first publicly released research findings. According to Trump's executive order from January, the report will outline what rules and laws should be established to advance the pro-crypto policy goals of the White House. Insiders revealed that these goals include ensuring that the U.S. SEC establishes a framework for companies to issue blockchain-based stocks and bonds; the report will also discuss the government's wish list regarding the comprehensive regulatory legislation on Crypto Assets currently being debated in Congress; the report is expected to acknowledge that the SEC needs to develop a tokenization framework, but the specific wording remains unclear; in addition, the report will outline the White House's expectations regarding the market structure legislation being considered by Congress.