#WhiteHouseDigitalAssetReport The White House released a comprehensive 160-168 page digital asset report on July 30, 2025, outlining a regulatory framework for cryptocurrencies but omitting specific updates on the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Despite expectations from a January 2025 executive order by President Trump, which mandated the President’s Working Group on Digital Asset Markets to explore these reserves, the report focuses on stablecoin regulation (building on the GENIUS Act), decentralized finance (DeFi), tax reforms, and banking access for crypto firms. It emphasizes innovation, consumer protection, and regulatory clarity without advancing concrete plans for Bitcoin reserves.
A March 2025 executive order established the Strategic Bitcoin Reserve, to be funded initially with Bitcoin seized through criminal or civil forfeiture, and a separate Digital Asset Stockpile for other cryptocurrencies like Ethereum, XRP, Solana, and Cardano. The Treasury and Commerce Departments were tasked with developing budget-neutral acquisition strategies, but no new details on implementation or current holdings were included in the July report. A White House official noted that infrastructure for the reserves is "well underway," with more information expected soon.
The report urges Congress to advance legislation like the Clarity Act, which passed the House and is under Senate consideration, to regulate crypto markets and grant the CFTC authority over non-security digital asset spot markets. It also opposes Central Bank Digital Currencies (CBDCs) and supports USD-pegged stablecoins. Industry reactions are mixed, with some praising the pro-innovation stance but others disappointed by the lack of reserve details.
Posts on X reflect anticipation for reserve updates, with some claiming the report mentions acquiring more Bitcoin, though this is not confirmed in available sources. The BITCOIN Act, proposing the acquisition of one million BTC over five years, was not addressed in the report. Investors are advised to monitor regulatory developments for market impacts