The expected crypto report has been released: Bitcoin reserves surprised...

The White House Digital Holdings Report has officially been released. The 120-page report contains many details, from stable coins to decentralized finance, banking licenses to responsibilities of the SEC and CFTC.

No Bitcoin reserve

One of the most curious topics regarding the report was what kind of policy would be followed regarding Bitcoin reserves and crypto holdings. However, although some sections of the report mention that a reserve could be formed with Bitcoins obtained from illegal individuals and transactions, there are no details provided. The lack of writing about how this reserve and holdings will be created, the timing, and other details is noteworthy.

"Let the way for decentralized finance be opened"

The proposed report on including cryptocurrencies in retirement plans and mortgage home purchases also stated that DeFi projects should be allowed to develop more rapidly:

"Decentralized finance, especially lending platforms, must be quickly integrated into the traditional financial system. The products here should reach users without bureaucratic hurdles."

"SEC and CFTC should act together"

The report states that the SEC and CFTC should work together and that the two institutions need to create joint regulations for crypto transactions at the federal level.

"Two institutions must quickly fill the gaps in the regulation of cryptocurrencies and facilitate crypto trading at the federal level. Market participants' uncertainties regarding issues such as registration, custody, and trading must be addressed."

New warning to banks: Leave the backdoor difficulties behind...

The report, which also touched upon the banking sector, stated that the Trump administration wanted to end the pressures applied to the banking sector against crypto.

"The uncertainties faced by crypto firms when working with banks must be resolved. The process of obtaining bank licenses should be made transparent. The Trump administration wants to end the practices known as 'Choke Point 2.0 Operation'. Difficulties imposed on crypto firms through backdoor channels should be put to an end."

Published: July 30, 2025 16:37Last Updated: July 30, 2025 17:05