White House Releases Digital Asset Report, Bitcoin Reserve Plan Has No Substantial Updates
TechFlame
2025-07-31 00:23
TechFlame2025-07-31 00:23
English
TechFlame reports that the White House released the long-awaited digital assets report, which sets out a national strategy aimed at making the US a global leader in blockchain, cryptocurrency markets, and tokenized finance. Although the report covered a wide range of digital asset policy areas, it did not provide a substantive update on the government's planned Bitcoin reserves, only reiterated statements in President Trump's January executive order, and did not list next steps or implementation timelines. The publication of this report stems from an executive order signed by President Trump in January, which established an interdepartmental working group on emerging technologies such as digital assets and artificial intelligence. The 166-page document, led by David Sacks, the White House's head of cryptocurrency and artificial intelligence affairs and executive director Bo Hines, integrates opinions from the Treasury Department, the Department of Commerce, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC). It sets out a number of proposals to simplify regulation, support innovation, and modernize regulation. (gold 10)