Coinbase(US:COIN) 智通财经网·2025-07-30 12:19Core Viewpoint - The cryptocurrency working group established by President Trump is set to release a policy report that will clarify the government's stance on critical issues affecting the digital asset industry, including tokenization and cryptocurrency legislation [1] Group 1: Regulatory Framework - The report is expected to outline the regulatory framework necessary for the development of cryptocurrency, fulfilling Trump's campaign promise for comprehensive reform in U.S. cryptocurrency policy [1] - It will detail the need for the SEC to establish a framework that allows companies to issue blockchain-based stocks and bonds [1] - The report will also express the government's expectations regarding ongoing legislative discussions in Congress aimed at creating broad regulatory guidelines for cryptocurrencies [1][2] Group 2: Tokenization and Market Structure - Industry participants are particularly interested in the report's content on tokenization, which refers to converting financial assets like bank deposits, stocks, and bonds into crypto assets [3] - The report is anticipated to recognize the necessity for the SEC to develop a framework for tokenization, although specific wording details remain unclear [3] - The White House's expectations for Congress regarding cryptocurrency market structure legislation will also be clarified in the report, following the House's passage of the "Clarity Act" to establish a regulatory framework for cryptocurrencies [3] Group 3: Stablecoins - Recently, Trump signed a bill to establish federal rules for stablecoins, which are cryptocurrencies pegged to the U.S. dollar, marking a significant victory for the digital asset industry [3] - The White House hopes that Congress will subsequently pass market structure legislation that will have a broader impact on the industry [3] Group 4: Conflicts of Interest - Concerns regarding conflicts of interest have arisen due to Trump's support for the cryptocurrency industry, particularly as his family has launched a cryptocurrency and he holds shares in a crypto platform [4]