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The White House Releases Digital Asset Report, Bitcoin Reserve Plan Without Substantial Update
BlockBeats News, July 31st, the White House released the long-awaited digital assets report, outlining a national strategy aimed at positioning the United States as a global leader in the blockchain, cryptocurrency market, and tokenized finance sectors. While the report covered a wide range of digital asset policy areas, it did not provide a substantive update on the government's plans for a Bitcoin reserve as part of the strategy. Instead, it restated the language from President Trump's January executive order, without listing specific follow-up steps or an implementation timeline.
The release of this report stemmed from an executive order signed by President Trump in January, which established an interagency working group on digital assets and other emerging technologies such as artificial intelligence. This 166-page document was jointly authored by White House Crypto and AI Czar David Sacks and Chief of Staff Bo Hines, consolidating input from the Treasury Department, Commerce Department, Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC), outlining several proposals on simplifying regulations, supporting innovation, and achieving regulatory modernization. (BlockBeats)
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