Overview
- The White House published its 166-page Digital Asset Policy Report on August 1, fulfilling mandates from two executive orders on crypto regulation.
- It confirms that the Strategic Bitcoin Reserve holds over 198,000 BTC and will generally refrain from selling its bitcoin.
- Treasury and Commerce are tasked with devising budget-neutral strategies to acquire additional bitcoin without burdening taxpayers.
- A separate Digital Asset Stockpile for other forfeited tokens is established but lacks a specified asset list and timeline for management.
- The report directs federal regulators to restart crypto banking innovation programs, enable digital asset trading at the federal level, fast-track stablecoin rules under the GENIUS Act and oppose central bank digital currencies.