Bitcoin News Today: U.S. Unveils Crypto Regulatory Strategy, Skips Bitcoin Reserve Plan

The U.S. government has released its first comprehensive federal report on cryptocurrency regulation, outlining a broad strategy for managing digital assets under President Donald Trump’s administration [1]. Produced by the White House Working Group on Digital Asset Markets, the 168-page document was mandated by an executive order issued in January and aims to establish a clear regulatory framework for cryptocurrencies, stablecoins, and decentralized finance (DeFi) [2]. The report emphasizes the need for swift legislative and regulatory action to maintain the U.S. as a global leader in crypto innovation [3].

The Working Group has called on Congress to pass legislation that would grant the Commodity Futures Trading Commission (CFTC) clear authority to regulate spot markets for non-securable crypto assets. The report also highlights the importance of DeFi and urges the government to integrate the technology into mainstream finance [1]. Federal agencies, including the SEC and CFTC, are advised to expedite the approval of crypto trading at the federal level and to issue immediate guidance on registration, custody, and recordkeeping [2]. The report further advocates for the use of regulatory sandboxes and safe harbors to reduce innovation delays [3].

A significant focus of the report is on banking access for crypto firms. It confirms the end of Operation Choke Point 2.0, an informal effort to discourage banks from doing business with crypto companies, and calls for a stable regulatory framework that allows banks to offer custody, tokenization, and stablecoin services without unnecessary restrictions [1]. The report recommends that capital rules for banks should be based on the actual risk of blockchain-based assets rather than on fear or unfamiliarity with the technology [2].

The report also outlines the administration’s support for the GENIUS Act, which established the U.S.’s first federal stablecoin framework, and the Anti-CBDC Surveillance State Act, which permanently bans the Federal Reserve from launching a central bank digital currency [3]. On financial crime, the White House Working Group has called for updated anti-money laundering (AML) laws and clearer guidance on how the Bank Secrecy Act applies to crypto firms. The report emphasizes the importance of protecting privacy while targeting real threats and warns against the misuse of regulatory authority against law-abiding citizens [1].

The IRS and Treasury are urged to modernize crypto tax policies, including updated guidance on crypto asset management and tax reporting for small transactions. The report also recommends creating a new class of assets under federal tax law for crypto, treating Bitcoin and similar assets like securities or commodities under modified rules [2]. This change would align with the administration’s broader goal of fostering a crypto-friendly environment while preventing tax avoidance schemes [3].

Despite expectations, the report does not address a federal Bitcoin reserve or digital asset stockpile, a policy that was previously championed by the administration. The omission follows an executive order from March 2025 that explicitly tasked the working group with evaluating the feasibility of a national digital asset stockpile [1]. A senior administration official stated that the Treasury is “working diligently” on the necessary infrastructure for a potential Bitcoin reserve, with updates expected soon, though not included in the report [2].

The report is seen as a foundational document that will guide federal agencies and lawmakers in shaping a cohesive strategy for the evolving crypto landscape. It underscores the administration’s commitment to regulatory clarity and interagency cooperation while signaling broader legislative momentum, particularly with the recent passage of the first congressional bill to regulate stablecoins [3]. Analysts have noted that while the report does not take a definitive stance on a digital asset stockpile, it sets the stage for future policy development and clarifies the administration’s priorities [1].

The release of the report has been anticipated by industry stakeholders and policymakers, who view it as a critical step toward establishing a unified national strategy for digital assets. As global interest in crypto regulation continues to grow, the U.S. aims to solidify its position as a leader in the digital finance space [2].

Source: [1] White House Unveils Crypto Policy Plan, Skips Bitcoin Reserve, (https://dailycoin.com/white-house-unveils-crypto-policy-plan-skips-bitcoin-reserve/)

[2] White House: Sprawling Crypto Report Makes No Mention, (https://decrypt.co/332667/white-house-sprawling-crypto-report-makes-no-mention-bitcoin-reserve)

[3] Trump Crypto Group Offers Proposals to Boost Digital, (https://www.bloomberg.com/news/articles/2025-07-30/trump-crypto-group-unveils-proposals-to-boost-digital-finance)