White House releases digital asset report, no substantial update to Bitcoin reserve plan

According to Foresight News, according to Kingshin, the White House released a digital asset report, which formulated a national strategy to give the United States a global leader in blockchain, cryptocurrency markets and tokenized finance. While the report covers a wide range of digital asset policy areas, it does not provide substantial updates to the government’s planned Bitcoin reserves, but simply reiterates the statements in President Trump’s January executive order, without listing next steps or timetables for implementation.

The report originated from an executive order signed by President Trump in January that established an inter-departmental working group on emerging technologies such as digital assets and artificial intelligence. The 166-page document, written by David Sacks, head of cryptocurrency and artificial intelligence affairs at the White House, and Bo Hines, integrates opinions from the Treasury, the Department of Commerce, the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), laying out several proposals for simplifying regulation, supporting innovation and modernizing regulation.

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