The White House cryptocurrency report, a mixed bag for Bitcoin advocates

The White House cryptocurrency report did not provide updates to the executive order from March 6 that established a Bitcoin reserve

The White House released its highly anticipated cryptocurrency report on Wednesday, outlining a series of policy recommendations that left out a Bitcoin reserve 

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The 166-page document provides recommendations for multiple aspects of the cryptocurrency industry, including banking policy, stablecoins, and combating illicit finance. The report mentions the Strategic Bitcoin Reserve, in so far as it was established in March, but does not mention subsequent developments.

Bitcoin maximalists have stated that the Bitcoin reserve order should enable the government to actively purchase the asset in a strategy more akin to that of El Salvador.

While the cryptocurrency industry has largely welcomed the report and its potential effect on blockchain policy-making, others believe that the lack of action on a Bitcoin reserve is a missed opportunity.