Washington D.C. – The President's Working Group on Digital Asset Markets, chaired by Special Advisor for AI and Crypto David Sacks, has reportedly completed and submitted its comprehensive report outlining a federal regulatory framework for digital assets. The submission comes approximately 180 days after the working group's establishment via an Executive Order signed on January 23, 2025, signaling a significant step towards regulatory clarity in the burgeoning digital finance sector. Industry observers are keenly awaiting the public release of the document.
Alex Thorn, a prominent voice in the digital asset space, acknowledged the extensive effort involved in the report's creation. In a recent social media post, Thorn stated, > "contrats to Bo, @DavidSacks, and all the members of the President’s Working Group, including all the agencies, regulators, and their staffs for what must have been a monumental amount of work! can’t wait to read this! 📕" This tweet underscores the high anticipation within the industry for the detailed recommendations.
Established under a presidential executive order, the Working Group was tasked with developing a robust regulatory framework for the issuance and operation of digital assets, including stablecoins, within the United States. Its mandate specifically focused on critical areas such as market structure, oversight mechanisms, consumer protection measures, and risk management protocols. The initiative aims to strengthen U.S. leadership in digital financial technology.
David Sacks, a well-known venture capitalist and tech entrepreneur, was appointed Special Advisor for AI and Crypto, taking on the crucial role of chairing this influential working group. The group comprises representatives from various federal agencies, including the Departments of Treasury, Commerce, and Homeland Security, along with key regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This multi-agency collaboration highlights the broad scope and interdisciplinary nature of digital asset regulation.
The report is expected to propose legislative and regulatory changes designed to foster innovation while safeguarding financial stability and economic liberty. It may also address the potential for a national digital asset stockpile, derived from lawfully seized cryptocurrencies. The digital asset industry is now closely watching for the official publication of the report, anticipating its profound implications for market participants and the future trajectory of digital finance in the U.S.