Bitcoin News Today: U.S. Crypto Policy Rejects CBDCs Backs Stablecoins Proposes Bitcoin Reserve as Bitcoin Hits $118K Market Cap Surpasses $3.94T

The U.S. government is set to release a landmark cryptocurrency policy framework on July 30, outlining a regulatory strategy that prioritizes stablecoins, rejects central bank digital currencies (CBDCs), and introduces a strategic Bitcoin reserve. The report, mandated by Donald Trump’s January 23 executive order, marks a significant shift in federal digital asset policy and aims to solidify U.S. leadership in the evolving crypto landscape. The document, developed by the Presidential Working Group on Digital Asset Markets under Special Advisor David Sacks, builds on the recently enacted GENIUS Act and addresses regulatory ambiguities that have long hindered institutional adoption [1].

The framework explicitly bans the development or endorsement of a U.S. CBDC, a stark departure from previous administration approaches that explored CBDCs as tools for monetary policy. This stance reflects concerns over centralized control and financial privacy, with analysts noting that rejecting CBDCs aligns with efforts to preserve the role of private sector innovation in digital finance [2]. By contrast, the report champions USD-backed stablecoins as a foundation for cross-border payments and financial inclusion. This position is reinforced by the GENIUS Act’s provisions, which require stablecoin issuers to maintain sufficient reserves to back their tokens, addressing risks of insolvency [1].

A key innovation in the report is the proposal for a “Strategic Bitcoin Reserve,” modeled after national gold reserves. This initiative, first outlined in a March 2025 executive order, seeks to treat seized Bitcoin as a strategic asset. The concept draws parallels to ZOOZ Power Ltd.’s recent $180 million private placement, which aims to establish a Bitcoin treasury reserve strategy, though mechanisms for managing the U.S. reserve remain unspecified [3]. The move signals a broader recognition of cryptocurrencies as tangible resources, potentially reshaping how national wealth is diversified.

The report also addresses regulatory clarity for major cryptocurrencies like Ethereum, Cardano, and XRP. By defining token classifications, the administration aims to resolve years of enforcement uncertainty that has deterred institutional participation. Banking access reforms for crypto firms are included, targeting barriers that have limited financial services for legitimate businesses. These measures are part of a broader effort to balance innovation with anti-illicit finance safeguards, including money laundering and terrorism financing risks [5].

Market dynamics underscore the urgency of the framework. Bitcoin’s price reached $118,835 as of July 28, 2025, with the global crypto market cap exceeding $3.94 trillion. This surge, driven by institutional investments and legislative momentum, highlights the need for coherent regulations. The House’s passage of three crypto-focused bills, including the CLARITY and BITCOIN Acts, further supports the administration’s agenda by streamlining tax reporting and expanding digital asset access to retirement plans [4].

The rejection of CBDCs diverges from global trends, where some nations plan to launch Bitcoin-based digital currencies by 2025. Critics argue CBDCs could enable real-time transaction monitoring and reduce reliance on private banks, but proponents of the U.S. stance emphasize that state-backed digital currencies might disrupt traditional banking by eliminating interest mechanisms tied to fiat management [2]. Meanwhile, Ethereum’s price near $3,500 in early July reflects growing institutional interest, though detailed policies for non-stablecoin assets remain absent from the report, indicating a focus on immediate regulatory clarity [6].

The July 30 release culminates months of inter-agency coordination involving the Treasury, Justice Department, and financial regulators. Implementation will require executive actions and agency guidance, with potential inclusion of crypto assets in 401(k) plans and mortgage frameworks. These steps could accelerate mainstream adoption by integrating digital assets into traditional financial products. As lawmakers finalize the report, digital asset lobbyists are intensifying efforts in Washington, D.C., signaling the policy’s potential to influence international regulatory approaches [5].

Sources:

[1] Digital asset lobbyists flooding D.C.; JPMorgan v Gemini... [https://coingeek.com/digital-asset-lobbyists-flooding-d-c-jpmorgan-v-gemini-heats-up/](https://coingeek.com/digital-asset-lobbyists-flooding-d-c-jpmorgan-v-gemini-heats-up/)

[2] Fintech dystopia [https://news.ycombinator.com/item?id=44718117](https://news.ycombinator.com/item?id=44718117)

[3] DDC Expands SOL Holdings with New Investments [https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms](https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms)

[4] Dow Jones Declines as S&P Nears Record Highs [https://m.economictimes.com/crypto-news-today-live-28-jul-2025/liveblog/122939448.cms](https://m.economictimes.com/crypto-news-today-live-28-jul-2025/liveblog/122939448.cms)

[5] Trump’s July 30 Crypto Report to Back Stablecoins, Rejects... [https://coinedition.com/trumps-july-30-crypto-report-to-back-stablecoins-rejects-cbdcs-eyes-bitcoin-reserve/](https://coinedition.com/trumps-july-30-crypto-report-to-back-stablecoins-rejects-cbdcs-eyes-bitcoin-reserve/)

[6] Ethereum Just Approached $3500. 3 Reasons This... [https://www.aol.com/ethereum-just-approached-3-500-105500229.html](https://www.aol.com/ethereum-just-approached-3-500-105500229.html)