Bitcoin News Today: White House Crypto Report Omits Bitcoin Reserve Despite Executive Orders

A senior White House official confirmed on July 17 that the much-anticipated crypto policy report, expected to be released that day, would not include any references to the creation of a federal Bitcoin reserve or digital asset stockpile, despite this being a key focus of President Trump’s first digital asset executive order issued in January [1]. The report, which spans over 160 pages and includes “dozens of recommendations” on broader crypto policy, focused on establishing a regulatory framework for the industry rather than addressing the administration’s high-profile goal of creating a strategic Bitcoin reserve [1].

The omission is notable, as the January executive order explicitly tasked the Working Group on Digital Asset Markets with evaluating the feasibility of a national digital asset stockpile within 180 days [1]. A follow-up executive order in March did establish the Strategic Bitcoin Reserve and a digital asset stockpile, but no public updates have been released on the progress of this initiative [1].

The official acknowledged that the Treasury Department is “working diligently” to build the necessary infrastructure for a Bitcoin reserve and suggested that further updates on the matter would be forthcoming, though not necessarily in the form of an official report [1]. The Working Group on Digital Assets, chaired by David Sacks, the administration’s AI and crypto czar, collaborated with multiple federal agencies including the Treasury, Justice, and Homeland Security departments in developing the report [1].

Earlier in the year, senior officials had stressed the importance of Bitcoin as a strategic asset and expressed interest in acquiring as much of the cryptocurrency as possible [1]. However, concrete details on how the government would fund future acquisitions or manage its existing holdings have remained unclear [1].

Sources:

[1] White House: Sprawling Crypto Report Makes No Mention of Bitcoin Reserve

https://decrypt.co/332667/white-house-sprawling-crypto-report-makes-no-mention-bitcoin-reserve