Trump Administration to Release Key Report on Tokenization and Market Rules
A cryptocurrency working group formed by President Donald Trump is set to publish its first major report on Wednesday, outlining the administration’s positions on tokenization, stablecoin regulation, and market‑defining crypto legislation.
Created in January shortly after Trump took office, the crypto task force was charged with proposing new digital asset regulations in line with the president’s campaign pledge to overhaul U.S. crypto policy. The upcoming report marks the group’s first public findings and serves as a roadmap for future crypto legislation.
Focus Areas: Tokenization, Market Structure, and SEC Framework
The report will recommend that the Securities and Exchange Commission (SEC) establish a clear framework for blockchain‑based stocks and bonds, as reported by Reuters.
It will also reflect the administration’s legislative priorities, including proposals currently under consideration in Congress. The House of Representatives recently passed the Clarity Act, which seeks to create a formal regulatory regime for digital assets, while the Senate is working on its own version of the measure.
The crypto working group—led by Trump official Bo Hines—includes key administration members such as Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and OMB Director Russell Vought.
Industry Reactions: Roadmap for Growth
Industry leaders are closely watching the release.
“While there have been regulatory regimes in place that have maybe been piecemeal or have allowed the industry to grow in certain ways, the recommendations we expect in the report will be a good roadmap for how to build out crypto as a continued important part of the economy going forward,”
said Rebecca Rettig, Chief Legal Officer at Jito Labs.
Political Shift: From Enforcement to Expansion
The Trump administration’s pro‑crypto approach is a sharp departure from the Biden administration, which took a harder stance on digital assets. Biden‑era regulators pursued lawsuits against Coinbase, Binance, and other exchanges, citing violations of U.S. laws.
Since Trump took office, the SEC has dropped many of these cases, signaling a shift from aggressive enforcement toward regulatory clarity and market integration.
Tokenization in Focus
One of the most closely watched sections of the report will address tokenization—the process of converting traditional financial assets such as stocks, bonds, funds, and real estate into blockchain‑based digital assets.
Industry players, including Coinbase, have been pushing for SEC approval to offer blockchain‑based securities, but the regulator has yet to publicly address these requests. The Trump report is expected to acknowledge the need for an SEC tokenization framework, although specific language remains undisclosed.
Legislative Roadmap
The report will also outline the White House’s preferences for market structure legislation. With the Clarity Act moving through Congress, the administration is signaling strong support for laws that would formalize crypto regulation and integrate digital assets into the broader U.S. financial system.
The release of the report marks a turning point for U.S. crypto policy, potentially paving the way for tokenized markets, stablecoin frameworks, and expanded blockchain‑based financial products.
