Bitcoin Reserve Plans Missing in White House Crypto Reports -

Key takeout

The White House report introduces a broad cryptographic regulatory framework but does not address the government’s Bitcoin reserves.
The framework supports Stablecoins, opposes US CBDCs and recommends clarity in regulations for digital asset transactions and taxation.

According to details of the fact sheet preview, which first reported by Coindesk, a highly anticipated report from President Donald Trump’s working group on the digital assets market appears to be on the sidelines of practical plans for the National Bitcoin Reserve.

The full report, scheduled to be released later today, follows President Trump’s January executive order (EO) to establish a working group. The order appointed to the group to assess the feasibility of digital asset stockpiles nationwide.

However, in March, Trump signed another EO, officially establishing a nationwide Bitcoin reserve and digital assets stockpile, effectively meeting the valuation directive.

Still, there is widespread hope that today’s report will provide details on how the administration can advance implementation.

Over the past few months, authorities have suggested several budget-neutral strategies under consideration. At the very least, participants in the crypto market also want a clear signal that shows the amount of Bitcoin the government is trying to accumulate.

Important takeaways from the White House Digital Asset Report

As outlined in the January order, the report should focus on market structure, monitoring mechanisms, consumer protection, and risk management practices. Another important objective is to clarify the role of overlapping interbody regulations, such as the SEC and CFTC.

The preview shows that these missions have been fulfilled.

The working group recommends immediate coordination between the SEC and CFTC to promote digital asset trading and builds on existing initiatives in Stablecoins’ Clarity and Genius Act.

“By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and guide in the golden age of crypto,” the president’s working group said.

The preview also addresses banking relationships for crypto companies, enabling innovative financial products to reach consumers through regulatory sandboxes and safe ports. The framework calls for clearer capital rules and transparency regarding how crypto companies acquire master accounts or bank charters.

A preview of the report is a recommendation from the CBDC Monitoring National Act to ban US CBDCs, promoting US patient stubcoins to “strengthen the role of the US dollar” while opposing central bank digital currency (CBDC).

Regarding taxation, the Working Group will promote payments by the Mining and Internal Revenue Agency reviewing existing guidance on mining and staking activities and proposing new guidance on alternative minimum taxes and DE Minimis Crypto receipts for businesses.