According to two insiders well-versed in the issue, the Trump administration has been privately sharing a draft executive order in recent weeks, which suggests setting up an industry self-regulatory body for major AI companies specializing in large-scale models. The preparation of this executive order is a notable move towards establishing a regulatory entity, yet the endeavor is still up against substantial hurdles. The executive order must receive the green light from top-ranking officials, including the President, before it can be finalized. Moreover, three other sources mentioned that the relevant work has recently ground to a halt.