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Bitcoin Reserve Plan Missing From White House’s Crypto Report
The highly anticipated report from President Donald Trump’s Working Group on Digital Asset Markets has finally been released, and it appears to have sidestepped a crucial aspect of the original January executive order – the evaluation of a national Bitcoin reserve. The full report is set to be made public later today.
In January, President Trump signed an executive order that tasked the working group with evaluating the feasibility of a national digital asset stockpile. However, in March, he formally established a national Bitcoin reserve and digital asset stockpile, effectively fulfilling the evaluation directive. This has led many market participants to question whether there was any significant progress made in this regard.
While the report does not provide details on how much Bitcoin the government intends to accumulate, officials have hinted at several budget-neutral strategies under consideration. The lack of clarity on this matter has sparked widespread anticipation and concern among industry stakeholders.
The White House’s report focuses primarily on other issues within the digital asset market structure, oversight mechanisms, consumer protections, risk management practices, and regulatory clarification for the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Source: cryptobriefing.com
