Bitcoin News Today: BTC Dips 1.14% as Trump Report Omits Federal Bitcoin Reserve Plan

Bitcoin (BTC) dropped 1.14% in the last 24 hours, settling at $117,529, as the Trump administration released a preview of its highly anticipated White House report on digital assets, a document expected to influence the U.S. regulatory framework for cryptocurrency [1]. The report, prepared by the President’s Working Group on Digital Asset Markets, outlines a broad set of recommendations aimed at integrating crypto into the U.S. financial system. These include directing the SEC and CFTC to facilitate federal-level trading of digital assets, establishing regulatory sandboxes and safe harbors for innovative financial products, and accelerating the implementation of the Clarity Act and GENIUS Act, which provide legal frameworks for crypto markets and stablecoins [1].

The report also highlights the potential of decentralized finance (DeFi) and positions stablecoins as instruments to enhance the role of the U.S. dollar, signaling a shift toward a more crypto-friendly policy environment. It emphasizes transparency in how crypto firms can access banking services and open master accounts, which is seen as a step toward mainstream financial integration [1].

Despite these developments, market observers noted a key omission: the report preview did not include any information on the proposed creation of a federal Bitcoin reserve, an idea previously suggested by Trump’s advisors. This absence has left one of the administration’s most ambitious proposals in a state of uncertainty [1]. Without concrete details on a strategic Bitcoin reserve, the broader implications of the administration’s crypto strategy remain unclear to investors and industry stakeholders [1].

Source: [1] BTC falls as Trump’s crypto report skips Bitcoin reserve details (https://finbold.com/btc-falls-as-trumps-crypto-report-skips-bitcoin-reserve-details/)