White House Crypto Report Sparks Outrage: Bitcoin Reserve Plan Details Suspiciously Missing

Another day, another vague government crypto document—but this one’s got the community fuming.

The White House just dropped a report on digital assets that conveniently glosses over how—or if—it plans to handle Bitcoin reserves. Classic bureaucratic sidestep.

What’s hiding in the fine print?

Sources whisper the omission wasn’t accidental. With institutional adoption at record highs and BlackRock’s ETF hoovering up BTC, the lack of transparency reeks of legacy finance’s fear of decentralization. (Or maybe they’re just waiting for a ‘favorable’ market dip—Wall Street loves a discount.)

One thing’s clear: When DC avoids specifics, grab your popcorn. The regulatory circus is coming to town.

TLDR

• The White House crypto report does not include a clear plan for a national Bitcoin reserve.
• An earlier executive order established a Bitcoin reserve but the new report offers no implementation strategy.
• The report focuses on regulatory coordination between the SEC and CFTC instead of reserve accumulation.
• Stablecoins are promoted as tools to strengthen the role of the U.S. dollar in global markets.
• The administration rejects central bank digital currencies and supports legislation to ban them.

A newly released fact sheet from the White House Working Group on Digital Asset Markets omits any detailed Bitcoin reserve strategy. Despite an earlier executive order calling for evaluation, the final document provides no figures or timelines. Despite prior commitments, the administration’s plan for building a Bitcoin reserve remains uncertain.

National Bitcoin Reserve Absent Despite Earlier Executive Orders

The January executive order instructed the working group to study the feasibility of a digital asset stockpile, including a bitcoin reserve. In March, President Trump signed a separate directive that formally created a national Bitcoin reserve and digital asset stockpile. However, the latest report fails to outline how the administration intends to implement that initiative.

Although the March order seemed to resolve the feasibility issue, today’s document provides no action plan to operationalize the Bitcoin reserve. The absence of accumulation targets or timeframes leaves the crypto sector without the necessary government clarity. Market participants expected numbers and timelines but received only general frameworks instead.

While the report addresses regulatory and consumer concerns, it does not elaborate on the status of the Bitcoin reserve program. Officials had previously suggested budget-neutral approaches, but these strategies are not detailed in the report. The administration’s position on Bitcoin accumulation now appears stalled or delayed, and the next steps are not clear.

Regulatory Structure and Interagency Coordination Remain the Focus

The working group prioritized structural reforms over a Bitcoin reserve strategy, calling for coordination between the SEC and CFTC to oversee digital asset markets. The report promotes SAFE harbors and regulatory sandboxes, supporting financial innovation while enhancing consumer protections. Capital rule transparency and crypto banking access also receive significant attention.

Despite these developments, the Bitcoin reserve initiative receives minimal focus beyond the earlier executive order reference. The administration continues to emphasize market oversight, with limited attention to digital asset accumulation strategies. Regulatory agencies will now take the lead in clarifying roles without immediate connection to reserve creation.

Although the working group fulfilled its regulatory mandate, the Bitcoin reserve remains a secondary or postponed priority. Crypto firms may benefit from improved compliance pathways, but reserve guidance remains missing. The WHITE House has not indicated when or if additional details on the Bitcoin reserve will emerge.

Stablecoins, Tax Policy Addressed While Reserve Plans Remain Undefined

The report encourages the growth of USD-pegged stablecoins to strengthen the global role of the dollar over central bank digital currencies. It opposes CBDCs and backs legislation preventing their adoption in the United States. Stablecoin growth is framed as an alternative to centralized monetary systems.

In tax matters, the report suggests the IRS review guidance on mining, staking, and minimum crypto payment thresholds. It includes updates related to the corporate minimum tax but does not LINK any of these to a Bitcoin reserve. Despite touching on infrastructure, the administration withholds specific plans tied to digital asset stockpiling.