On July 30, 2025, the White House unveiled a sweeping 166‑page report from its President’s Working Group on Digital Asset Markets, laying out an ambitious vision to cement the U.S. as a global blockchain and cryptocurrency leader. While the document outlines dozens of recommended reforms—ranging from stablecoin legislation to unified licensing and tokenized finance infrastructure—it notably omits any new information on the previously announced Strategic Bitcoin Reserve.
🔍 Noteworthy Highlights
- The report doubles down on regulatory clarity and consistency, urging Congress and regulators to define roles for the SEC and CFTC, streamline licensing, and enable regulatory sandboxes for crypto innovation.
- It supports recent legislation such as the GENIUS Act for stablecoin regulation and pushes for the Dilapidated Asset Market Clarity Act, which heads to the Senate after passing the House.
- The report emphasizes bank custody for crypto, tax updates for staking and mining, and tokenized securities trading—all key themes for modernizing financial markets.
⚠️ Bitcoin Reserve Missing in Action
Although the report references the Strategic Bitcoin Reserve, originally created by President Trump’s March 6 executive order, it provides no fresh guidance or progress updates on the initiative—such as timelines, asset accumulation models, or purchases beyond forfeited holdings.
Bitcoin-focused observers have expressed disappointment:
“The absence of any mention of a Strategic Bitcoin Reserve in today’s White House report is a missed opportunity” — CJ Burnett, Compass Mining executive.
At the same time, supporters argue that the very acknowledgement of Bitcoin as a strategic asset signals shifting governmental tone—even if detailed policies remain pending.
🧭 The Road Ahead
- White House officials and task force members have promised that Bitcoin reserve implementation details will come “in short order” via Treasury action, independent of this broader strategy document.
- Meanwhile, the SEC—under Chair Paul Atkins—is launching “Project Crypto”, signaling intent to rapidly draft securities definitions, improve disclosure regimes, and enable tokenized trading under U.S. regulation.
- The broader legislative push—including the Clarity Act, stablecoin regulation, and overhaul of token tax rules—is expected to move through Congress in the coming months as part of the crypto-friendly agenda.
