According to Bloomberg, the "Digital Asset Market Working Group" established by U.S. President Trump released a policy recommendation report on July 30, calling for federal regulators to utilize existing authorities to clarify rules regarding digital asset trading, custody, registration, and to accelerate the rollout of new financial products. The report recommends granting the CFTC regulatory authority over the non-securities digital asset spot market through the "Digital Asset Market Clarity Act." Additionally, according to a government official who wished to remain anonymous, the White House plans to announce more details regarding its strategic Bitcoin reserves soon.