Breaking: White House Drops Historic Crypto Policy Report Tomorrow – Here’s What Wall Street Doesn’t Want You to Know
The Biden administration finally pulls back the curtain on its crypto strategy—and the market’s already bracing for impact.
The Regulatory Hammer Looms
Insiders whisper this won’t be another wishy-washy ‘guidance’ doc. Expect hardline stances on stablecoins, DeFi KYC, and exchange surveillance that’ll make Coinbase’s lawyers weep into their $300M legal war chest.
Institutional Money’s Endgame
BlackRock’s Bitcoin ETF approval last January was just phase one. The real play? Forcing crypto to wear the same regulatory straightjacket as traditional finance—because nothing screams ‘decentralization’ like compliance officers and SEC filings.
Cynic’s Corner
Watch for the obligatory ‘balanced approach’ lip service while the Fed quietly greenlights CBDC pilot programs. After all, they can’t have plebs transacting outside the banking system—how else would they negative interest rate us into serfdom?
U.S. White House To Release Crypto Policy Report
According to the executive order, the Working Group was mandated to submit a report to the President within 180 days of the date of the order, which makes July 22 the deadline from when it was signed on January 23. The Working Group is expected to recommend regulatory and legislative proposals that advance the policies established in the order, including the creation of a Strategic Bitcoin Reserve.
The report will include the Working Group’s evaluation of how the U.S. can create and maintain a national digital asset stockpile, as well as propose criteria for establishing such a stockpile. These coins are potentially obtained from cryptocurrencies that the U.S. Federal Government seized through its law enforcement.
Based on the follow-up executive order that Trump signed in March, which established a Strategic bitcoin Reserve in its entirety, the U.S. White House policy report will also provide an update on the amount of BTC the country holds. The executive order mandated that each federal agency provide the Digital Asset Working Group with a full accounting of all Government Digital Assets in their possession.
The U.S. WHITE House policy report is also likely to highlight the legislative steps that Congress is taking towards codifying the Strategic Bitcoin Reserve into law. Senator Cynthia Lummis has already introduced the BITCOIN Act. The bill proposes that the U.S. acquire 1 million BTC over a five-year period as part of the Bitcoin Reserve initiative.
The bill is likely to take centre stage once the U.S. Senate is done with the CLARITY Act and Anti-CBDC Act. TRUMP has already signed the GENIUS Act into law, which provides a regulatory framework for stablecoins and ensures that the Federal Reserve doesn’t create a CBDC.
How Much Bitcoin Does The U.S. Actually Own
There has been a recent debate on how much Bitcoin the U.S. owns, which is why the White House policy report is timely. BitcoinTreasuries’ data shows that the country holds 198,012 BTC. However, a recent FOIA response from the U.S. Marshals Service stated that the agency holds only 28,988 BTC.
This represents less than 80% of the amount of Bitcoin the U.S. was believed to hold. However, there is still the possibility that another Federal Agency may be in custody of some of the other coins. Senator Lummis highlighted the concern, noting that if the U.S. has indeed sold over 80% of its BTC reserves, it WOULD put the country at a disadvantage in the race to dominate the Bitcoin space.
