Bitcoin News Today: U.S. releases crypto regulatory framework but omits Bitcoin Reserve details

The U.S. President’s Working Group on Digital Assets has released a long-awaited 166-page report outlining a regulatory framework for cryptocurrencies and digital assets, aiming to clarify jurisdictional oversight, promote innovation, and reinforce the U.S. dollar’s dominance in the digital economy. The report, issued on July 30, 2025, proposes a division of responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the recommendations, the CFTC would oversee spot crypto markets and commodity tokens, while the SEC would handle digital assets deemed to be securities [1]. This approach is intended to create a structured market environment that supports American innovation and global leadership in the digital asset space [2].

The report also calls for easing banking regulations to allow traditional financial institutions to custody and provide digital asset services, including streamlining the process for acquiring a bank charter and improving transparency in compliance requirements. The authors argue that such measures would encourage greater institutional participation in the crypto ecosystem and reduce the barriers to entry for both firms and individual investors [1].

A significant portion of the report focuses on stablecoins, emphasizing their role in maintaining the U.S. dollar’s position in the digital economy. It highlights the unique features of stablecoins, including their ability to be frozen or seized by law enforcement to prevent illicit use. The document also advocates for the passage of the CBDC Anti-Surveillance State Act, which would prohibit the development of a U.S. central bank digital currency (CBDC) [3]. This aligns with previous statements from the administration opposing the creation of a digital dollar.

Taxation remains a key area of focus in the report. It recommends the establishment of a tailored tax framework for cryptocurrencies, including modifications to existing tax rules to account for unique characteristics such as staking. The report suggests that legislation should treat digital assets as a new class of property subject to adjusted tax treatment, potentially reducing compliance burdens for investors [1].

Despite the report’s comprehensive nature, one notable absence is a detailed plan for the Strategic Bitcoin Reserve, a key campaign promise by the administration to position the U.S. as a global leader in digital asset policy and to establish a financial buffer supporting dollar dominance. The report does not outline a timeline, funding mechanism, or management structure for the reserve, despite the U.S. Treasury reportedly holding over 200,000 BTC from criminal seizures [4]. A government official stated that further information would be released “in short order,” but as of now, the initiative remains undefined [5].

The lack of clarity on the Bitcoin Reserve has sparked debate among analysts. Some have speculated that it could serve as a strategic financial instrument or a means to influence global crypto markets [6]. However, a University of Chicago survey in February 2025 found little economic consensus supporting the move, suggesting the reserve may be more of a political signal than a concrete financial strategy [4].

The report also addresses the integration of stablecoins into the banking system, calling for simplified licensing and clearer regulatory guidance for institutions seeking to offer related services. These proposals aim to balance innovation with risk mitigation, especially given the increasing use of stablecoins in illicit financial activities [7].

Taken together, the report represents a significant shift in U.S. policy toward digital assets. It seeks to create a more business-friendly regulatory environment, contrasting with the previous administration’s approach. The next steps will depend on resolving jurisdictional overlaps between regulatory agencies and clarifying the role of the Strategic Bitcoin Reserve. For now, the report marks a bold step toward reshaping the U.S. digital asset landscape, though many details remain to be finalized.

Source: [1] Trump’s crypto working group pushes for clearer rules as adoption grows (https://cointelegraph.com/news/trump-admin-releases-promised-crypto-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)

[2] Trump administration unveils detailed crypto policy but... (https://cryptoslate.com/trump-administration-unveils-detailed-crypto-policy-but-shrouds-bitcoin-reserve-in-mystery/)

[3] Trump's crypto policy report misses one key promise (https://www.thestreet.com/crypto/policy/trumps-crypto-policy-document-reportedly-misses-one-key-promise)

[4] Trump's Crypto Report Just Dropped: But Where Is... (https://cryptorank.io/news/feed/0e2e0-trumps-crypto-report-just-dropped-but-where-is-the-bitcoin-reserve)

[6] Speculation about the reserve’s potential functions has led some analysts to suggest it could serve as a financial buffer or a strategic tool for maintaining the U.S. dollar’s dominance in the global digital economy.

[7] A report from the Financial Action Task Force released in June showed that most criminal activity happening on cryptocurrency ledgers now involves stablecoins. (https://www.bloomberg.com/news/articles/2025-07-30/breaking-down-the-genius-act-and-trump-s-stablecoin-regulations)