#WhiteHouseDigitalAssetReport

**White House Digital Asset Report Summary – July 30, 2025**

The Trump administration released a **160-page report** outlining a framework to solidify U.S. leadership in crypto, dubbed the **“Golden Age of Crypto.”** Key highlights:

### **Regulatory Clarity & Innovation**

- Defines crypto asset classifications (securities vs. commodities).

- Supports **regulatory sandboxes** and interagency coordination (SEC, CFTC, Treasury).

### **Banking & Stablecoins**

- Eases banking access for crypto firms.

- Backs the **GENIUS Act** for stablecoin regulation but **bans CBDC development**.

### **Strategic Bitcoin Reserve**

No new details on the **Bitcoin reserve** (established via March 2025 EO), which acquires BTC via forfeitures—no sales permitted.

### **Market Reaction**

- **Bitcoin dipped slightly** (~$118,650 → ~$117,100) post-report.

- Industry praised the clarity; critics raised investor protection concerns.

### **Next Steps**

- **CLARITY & GENIUS Acts** advancing in Congress.

- Further guidance on the **Bitcoin reserve** expected later.

*Short-term sentiment hinges on Fed policy and regulatory progress.*$BTC $SOL $XRP