๐ฝ๐ฝ Bitcoin reserve plan missing from White House's crypto report..๐ชป๐ชป๐ชป
๐ The January order merely called for evaluating a digital asset stockpile, which was formally authorized under a separate March directive.
โ Key Takeaways :::
๐ป The White House report introduces a broad crypto regulatory framework but does not address government Bitcoin reserves.
๐ป The framework supports stablecoins, opposes US CBDCs, and recommends regulatory clarity for digital asset trading and taxation.
๐น A highly anticipated report from President Donald Trumpโs Working Group on Digital Asset Markets appears to sideline an actionable plan for a national Bitcoin reserve, according to details in its fact sheet preview first reported by CoinDesk.
๐น The full report, set to be released later today, follows President Trumpโs January executive order (EO) establishing the working group. That order tasked the group with evaluating the feasibility of a national digital asset stockpile.
๐ท However, in March, Trump signed a separate EO formally establishing a national Bitcoin reserve and digital asset stockpile, effectively fulfilling the evaluation directive.
๐ท Still, there is widespread anticipation that todayโs report will provide more detail on how the administration plans to move forward with implementation.
๐ฅ In recent months, officials have hinted at several budget-neutral strategies under consideration. Crypto market participants are also hoping for a clearer signal, at the very least, an indication of how much Bitcoin the government intends to accumulate.
โ Key takeaways from White Houseโs digital asset report :::
๐ฅ The report preview promotes USD-pegged stablecoins as โstrengthening the role of the U.S. dollarโ while opposing central bank digital currencies (CBDCs), with recommendations for an Anti-CBDC Surveillance State Act to ban CBDCs in the US.
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