Bitcoin News Today: Trump Admin Unveils Landmark Crypto Policy Without Bitcoin Reserve Details

Trump’s administration has unveiled a landmark crypto policy framework aimed at redefining the U.S. digital asset landscape. On July 30, 2025, the White House Working Group on Digital Asset Markets released a report calling for enhanced regulatory clarity and the expansion of the Commodity Futures Trading Commission’s (CFTC) oversight of non-security crypto markets [1]. The move seeks to streamline the fragmented regulatory environment by transferring authority from the Securities and Exchange Commission (SEC), potentially accelerating the approval of new crypto products and boosting institutional confidence [2].

The report outlines several key proposals, including the introduction of the Digital Asset Market Clarity Act. This legislation aims to close existing legal gaps and provide a clearer framework for market participants. Additionally, the working group urged Congress to update tax rules to better accommodate digital assets, including reclassifying them under modified tax rules for commodities or securities and closing loopholes such as wash sales [3]. These measures are intended to encourage broader participation in the crypto market while reducing compliance burdens for firms and investors.

A central promise of Trump’s crypto agenda—the establishment of a Strategic Bitcoin Reserve—remains unfulfilled. The initiative, announced during the 2024 campaign, was intended to position the U.S. as a global leader in digital asset policy. However, the July 30 report provides no concrete timeline or operational details on how the reserve would be funded or managed, despite estimates suggesting the U.S. Treasury already holds 200,000 BTC from criminal asset seizures [4]. A government official hinted that more information would be released “in short order,” but as of now, the reserve’s structure and purpose remain unclear [5].

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 [6]. However, a February 2025 survey by the University of Chicago found no broad economic consensus supporting such a move, raising questions about whether the reserve is more of a political signal than a practical financial strategy [4].

The administration’s report also includes recommendations for banks seeking to integrate stablecoins into their operations, proposing simplified pathways for obtaining licenses and clearer compliance guidelines. These measures aim to foster innovation while mitigating risks associated with rapid digital asset adoption [7]. Taken together, the policy initiatives signal a significant shift in the U.S. approach to crypto, potentially reversing regulatory trends under the previous administration and offering a more business-friendly environment.

As the administration moves forward, the next phase of its crypto strategy will depend largely on clarifying the Strategic Bitcoin Reserve and resolving jurisdictional tensions between regulatory bodies. For now, the policy framework represents a bold attempt to reshape the U.S. digital asset ecosystem, though many details remain to be filled in.

Sources:

[1] U.S. Bitcoin Reserve Plans Still Elusive as White House... (https://www.coindesk.com/policy/2025/07/30/u-s-bitcoin-reserve-plans-still-elusive-as-white-house-touts-crypto-report)

[2] White House unveils crypto policy 'roadmap' meant to usher in... (https://abcnews.go.com/US/white-house-unveils-crypto-policy-roadmap-meant-usher/story?id=124215664)

[3] Trump Pushes Bold Crypto Reforms with New Federal Report (https://coincentral.com/trump-pushes-bold-crypto-reforms-with-new-federal-report/)

[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)

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

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

[7] White House releases landmark crypto report, but skips... (https://cryptobriefing.com/white-house-crypto-strategy/)