Trump’s Bitcoin Reserve Pledge Vanishes in Latest Crypto Policy Report—What Happened?

Another day, another crypto promise lost in the political ether.

Trump’s bold 2024 vow to back the dollar with Bitcoin reserves? Nowhere to be found in his campaign’s freshly dropped crypto manifesto. The 47-page document touts everything from killing the ‘unconstitutional’ CBDC push to protecting self-custody rights—but that moonshot Treasury play got left on the launchpad.

Was it political calculus? Bureaucratic reality? Or just another case of campaign trail crypto enthusiasm meeting Washington’s regulatory brick wall? Either way, the omission speaks volumes—when DC talks digital assets, even the loudest voices still whisper.

Funny how these pro-crypto epiphanies always happen during election years—and how conveniently they fade when Wall Street lobbyists start writing checks. But hey, at least the report didn’t promise to ‘make SHIB great again.’

Tax Reforms Take the Spotlight

Although the bitcoin Reserve plan is absent, the report lays out several key tax policy recommendations:

However, the report does talk about crypto taxes. It recommends:

• Treating digital assets as a new class of assets with special tax rules.
• Closing tax loopholes like “wash sales.”
• Giving the IRS and Treasury clearer guidance on how to tax crypto firms and corporate crypto holdings.

Background: Strategic Bitcoin Reserve

On March 7, 2025, President Donald TRUMP signed an executive order to create a Strategic Bitcoin Reserve, positioning it as a digital store of value for the U.S.—much like a modern-day Fort Knox for Bitcoin. The plan was announced by David Sacks, the White House AI and Crypto Czar.

The reserve will be funded with Bitcoin seized in criminal and civil cases, which will be held, not sold, by the U.S. government. The plan also introduced a U.S. Digital Asset Stockpile to hold other seized cryptocurrencies such as ethereum and Tether. Notably, the government emphasized that no taxpayer money would be used to purchase these assets.

While Trump’s crypto task force pushes for clearer rules and tax reforms, the silence on the Strategic Bitcoin Reserve leaves a major campaign promise unresolved.

Also Read: President Donald Trump Signs the GENIUS Act bill into Law