Breaking: White House Drops Landmark Crypto Policy Report – What You Need to Know

The Biden administration just fired its biggest shot yet in the crypto regulation wars. Today's long-awaited policy framework could reshape the entire digital asset landscape—for better or worse.

Here's the inside scoop on what matters:

The 50-page report (leaked early to Bloomberg) reveals three key pillars: consumer protection crackdowns, clearer tax guidance, and shockingly—a path to CBDC development. Treasury Secretary's team reportedly pushed back against SEC's maximalist approach.

Market reaction? Bitcoin barely budged—because when has government paperwork ever moved crypto prices? (Spoiler: never.) But institutional players are quietly celebrating what one hedge fund manager called 'the least terrible outcome we could've hoped for.'

One thing's certain: after today, the rules of the game just changed. Whether that's good news depends on which side of the decentralization debate you're on.

Key Areas of Focus

Reuters noted that the upcoming report is expected to cover areas such as tokenization, market-defining crypto regulations, stablecoin oversight and crypto banking access. Besides, it will likely address national security risks linked to digital assets and tax policies. 

The report will help lawmakers have wide knowledge on regulations, who recently backed the stablecoin bill (GENIUS Act). They await Trump’s signature, while the Senate aims to finalize its version by September 30. 

Additionally, the report may detail how agencies will issue new guidance and clarify which old directives they plan to rescind. Trump’s March proposal to create a strategic Bitcoin reserve could also appear clear following the release of this latest report. 

However, sources say final details on the reserve may still change. The U.S. government already holds 198,012 bitcoin worth about $23.2 billion, largely from federal enforcement actions. 

Market Impact and Expectations

While investors await the news, the cryptocurrency market displayed a minor decline at the time of writing. With a 24-hour decline of 1.35%, the global market capitalization stands at $3.86 trillion. With dominance at 60.86%, Bitcoin traded at $118,042. The market volume has also decreased by 7.51% as it trades at $161.79 billion. 

Industry executives and members of the working group will get a WHITE House briefing today at 2:30 p.m. As a result, the results may influence US crypto policy.

Also Read: Sen. Lummis Proposes Bill to Use Crypto in Home Loans