The White House to Unveil Key Cryptocurrency Policy Report on July 30 – Crypto Community on Edge

A pivotal moment for the crypto world is approaching. White House advisor on digital assets, Bo Hines, has announced that the highly anticipated U.S. cryptocurrency policy report will be released on Tuesday, July 30. The document, prepared by the Presidential Working Group on Digital Assets, is now complete and could have a significant impact on the market.

What Will the Report Contain? According to Hines, the report provides an update on the work mandated by an executive order signed by Donald Trump in January, which instructed the group to analyze how the U.S. government could create a strategic Bitcoin reserve. Expected highlights of the report include: 🔹 An update on how many bitcoins the U.S. currently holds and potential strategies for managing them

🔹 Information about BTC seized through enforcement actions, potentially forming the basis of the national reserve

🔹 A proposed federal regulatory framework for issuing, trading, and utilizing digital assets

Context: What Has Changed Since January? The crypto community originally expected the report on July 22, based on the 180-day timeline. But since the executive order, Congress has already made some major moves—including the passing of the GENIUS Act, which sets rules for the stablecoin market. At the same time, the Senate Banking Committee released a draft bill to regulate the crypto markets, offering a more comprehensive approach to the industry. The upcoming report will likely complement and reinforce these efforts.

Goal: Strategic U.S. Bitcoin Reserve? Alongside Trump, Senator Cynthia Lummis has also been advocating for a national Bitcoin reserve. She introduced the BITCOIN Act, which proposes that the U.S. acquire up to 1 million BTC over five years. If passed, this legislation could mark a major bullish signal for Bitcoin, as it would represent one of the largest institutional accumulation strategies in crypto history. Lummis argues that such a reserve would help protect the U.S. economy against inflation, geopolitical uncertainty, and future financial instability. With Congress simultaneously working through the CLARITY and Anti-CBDC bills, it's likely that discussion of the BITCOIN Act will begin soon.

#whitehouse , #crypto , #USPolitics , #TRUMP , #CryptoReserve

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