 
 
The White House has released its long-awaited 168-page report on tackling US crypto policy and positioning the US as a global leader in the fast-growing sector.
The report rehashed many of the policy objectives touted by the Donald Trump regime for regulating crypto in the United States, but the much-awaited Bitcoin reserve plans remain elusive.
White House Unveils Crypto Policy Report
While the Wednesday report outlines dozens of recommendations for regulating crypto, including language around banking, stablecoins, taxes, and illicit finance, it stops short of detailing the Trump administration’s most high-profile crypto-related ambitions: building a strategic Bitcoin reserve. The document only reiterates language from President Trump’s January executive order without laying out the next steps or implementation timelines.
The EO did, in fact, order this crypto report to “evaluate the potential creation and maintenance of a national digital asset stockpile” and “propose criteria for establishing such a stockpile.”
The President’s Working Group on Digital Asset Markets was supposed to, according to that executive order, submit a report that outlined recommendations within 180 days on both a federal crypto stockpile and on a federal regulatory framework for crypto assets.
 
Trump officially signed an executive order mandating the creation of a Strategic Bitcoin Reserve and a separate digital asset stockpile. At the time, Trump had tasked Commerce Secretary Howard Lutnick and the Secretary of the Treasury Scott Bessent to create budget-neutral strategies for acquiring more Bitcoins, as long as those strategies had no incremental costs to American taxpayers.
The report’s core recommendations suggest that the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) should collaborate on jurisdictional oversight over digital assets.
The CFTC has authority over commodity tokens, while other tokens considered to be securities will be subject to SEC oversight. As per the report, a clearly defined crypto market framework would make the US a global leader in digital assets.
“A rational regulatory framework for digital assets is the best way to catalyze American innovation, protect investors from fraud, and keep our capital markets the envy of the world,” SEC Chair Paul Atkins said in a statement after Wednesday’s release of the report.
The report also urges Congress to declare that people can self-custody their crypto assets without the need for middlemen.
Source: https://zycrypto.com/trumps-white-house-releases-long-anticipated-crypto-report-but-no-new-details-on-strategic-bitcoin-reserve/