White House Crypto Report Omits Key Details on Bitcoin Reserve Plan
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…
