White House Crypto Policy: Key Developments & Data
Timeline of Actions
Jan 23, 2025: EO directs agencies to rescind restrictive crypto guidance and establish a digital asset working group.
Mar 6, 2025: EO creates Strategic Bitcoin Reserve (using seized assets) and Digital Asset Stockpile (multi-token holdings).
Mar 7, 2025: OCC rescinds crypto restrictions via Letter 1183, freeing banks to engage in crypto activities.
Mar 25, 2025: Proposal to fund Bitcoin purchases via gold reserve profits surfaces.
📈 Current Holdings
207,000+ Bitcoin (~$17B as of Mar 15) held by U.S. agencies.
Reserve Composition: Bitcoin-only holdings from forfeitures; no sales permitted.
Stockpile Tokens: Bitcoin, Ethereum, XRP, Solana, Cardano.
📜 Legislative Push
Bitcoin Act of 2025: Proposes buying 1M Bitcoin (5% of supply) over 5 years via gold certificate sales.
Stablecoin Bill: White House urges congressional passage by August 2025 to bolster USD dominance.
🔍 Regulatory Shifts
OCC Letter 1183: Removes pre-approval requirements for banks’ crypto activities.
Framework Deadline: July 22, 2025, for proposed digital asset regulations.
🌐 Market Impact
Price Surge: Crypto rebounded post-Trump’s Mar 4 announcement of multi-token reserve.
Global Response: Canada announces crypto business support measures amid U.S. policy shifts.
⚠️ Controversies
Gold Reserve Plan: Critics question ethics of using gold profits for Bitcoin buys.
Token Selection: Skepticism over inclusion of XRP, Solana, Cardano in stockpile.
(Sources: DLA Piper, Reuters, Al Jazeera, White House, Economic Times)
