Breaking: Trump Administration’s Crypto Report Deadline Hits – Will It Deliver or Disappoint?

The financial world holds its breath as the Trump administration's long-awaited cryptocurrency report misses its deadline. Again.

When promises meet politics

Washington's crypto roadmap was supposed to clarify regulations—instead, it's become another case study in bureaucratic limbo. Market watchers aren't holding their breath; after all, when has DC ever moved at blockchain speed?

Wall Street's worst-kept secret

Bankers whisper what miners already know: legacy finance would rather see crypto disappear than adapt. The delayed report just proves regulators still can't decide whether to embrace innovation or protect their banking buddies' 20th-century monopoly.

One cynical truth: If this report ever drops, the only guaranteed winners will be the lawyers interpreting its loopholes.

US eyes Bitcoin reserve

The US legislation wave positions the United States as the “crypto capital of the world.” The TRUMP administration’s first official blueprint for crypto policy reportedly took months, led by the Working Group on Digital Assets, co-led by David Sacks and Bo Hines.

While the final contents are still under wraps, reports suggest it will include sweeping proposals, from establishing a strategic Bitcoin reserve, a national digital asset stockpile, with tough new national security controls on illicit finance and sanctions evasion.

Update on this timeline:

The report is officially due tomorrow, but a WHITE House official tells me it will be released to the public before the end of the month. https://t.co/IPPawbVMeR

— Eleanor Terrett (@EleanorTerrett) July 21, 2025

Industry insiders are also eyeing potential reforms around banking access for crypto firms, especially in dealings with the Federal Reserve. The working group’s original task was to deliver a federal stablecoin framework, but that got handled by Congress last week with the passage of the GENIUS Act.

Meanwhile, Capitol Hill remains active, and the Senate Banking Committee is preparing to release its much-anticipated digital asset market structure draft after a delay last week. The report mentioned that Chairman Tim Scott confirmed a markup will likely follow the August recess. Over at Senate Agriculture, Brian Quintenz suddenly disappeared from the CFTC chair nominating vote roster. 

Critics eye Trump’s crypto ties

All of this policy momentum has triggered a wave of bullish sentiment among investors. The crypto market recently breached the $4 trillion mark. Bitcoin touched an all-time high of $123,000 on July 14 before pulling back slightly, and while retail interest is returning, whales are still making big moves. Data shows that Google searches for “Bitcoin” are rising. 

According to 10x Research, large-scale holders, those controlling 10,000 BTC or more, snapped up nearly 47,000 Bitcoins just before the ATH. Many of those positions have since been trimmed, which has added to a modest pullback to the $118,000 zone of BTC. However, most of the institutional re-engagement began after Circle’s blockbuster IPO last month. 

As the Trump administration pushes harder into crypto, critics are sounding alarms. Some warn that the industry’s murky structure and lack of transparency could make it a ground for corruption or foreign influence. Token holdings within Trump-affiliated projects have prompted scrutiny. As of now, the GENIUS Act may offer some early consumer safeguards for stablecoins, yet there are many regulatory gaps.

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