White House report confirms strategic Bitcoin reserve but one word raises alarms

White House report confirms strategic Bitcoin reserve but one word raises alarms originally appeared on TheStreet.

The White House released the much-awaited crypto policy report on July 30. Though the crypto community found relief in the fact that the 166-page report mentions the strategic Bitcoin reserve and the digital asset stockpile, it doesn't offer any new details that aren't already in the public domain.

The Treasury has been entrusted with the responsibility of administering the reserve and the stockpile. Crypto assets forfeited by federal agencies make up these digital asset holdings of the federal government.

However, there is a catch.

On page no. 164, the report says:

"The bitcoin in the Reserve will generally not be sold and will be maintained as reserve assets of the United States utilized to meet governmental objectives in accordance with applicable law."

It is the word "generally" that raises alarm bells as it doesn't put a definitive restriction on the sale of BTC coins held by the U.S. government.

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Among all the governments, the U.S. has the largest Bitcoin holdings.

As per BitcoinTreasuries, the country holds 198,012 BTC worth more than $23 billion at the time of writing. However, keep in mind that such platforms often don't distinguish between forfeited and seized assets.

While the government officially owns forfeited assets, seized assets are as likely to go into compensating victims of hacks, scams, etc., or into the government treasury, as the latest report also confirms.

Blueprint of Trump's crypto policy

The report provides a detailed blueprint of the Donald Trump administration's crypto policy.

It recommends the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) use their existing authorities to immediately enable crypto trading at the federal level.

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The report also recommends relaunching agency crypto innovation efforts to address outstanding bank activities on activities including crypto custody, stablecoin reserves, crypto treasury, and tokenization.

Leaders hail report

The President's Working Group on Digital Asset Markets has prepared the report after a 180-day review. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chair Paul Atkins are the key members of this group.

Atkins said, "Together, we have developed a blueprint to achieve President Trump’s vision of making America the crypto capital of the world."

Story ContinuesCFTC Acting Chairman Caroline Pham said, “This report represents a unified approach under the Trump Administration to usher in a golden age of crypto, and the CFTC stands ready to fulfill our mission to promote responsible innovation, safeguard our markets and ensure they remain the envy of the world.”

Join the discussion with Scott Melker on Roundtable here.

Crypto Council for Innovation (CCI) CEO Ji Hun Kim said, "By addressing critical areas such as decentralization, market structure, tax, GENIUS implementation, global competitiveness, and much more, this report offers a constructive path forward that supports responsible innovation and the long-term strength of America's role and leadership in the digital economy."

"The golden age of crypto is here," he added.

The Trump administration has ended the month on a high note, as it has already made enormous progress on key crypto bills this month, with Trump signing the GENIUS Act into law and the House passing the CLARITY and Anti-CBDC Acts.

White House report confirms strategic Bitcoin reserve but one word raises alarms first appeared on TheStreet on Jul 30, 2025

This story was originally reported by TheStreet on Jul 30, 2025, where it first appeared.

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