OKX app offers multilingual support, copy trading, and API solutions for global traders. New users enjoy exclusive fee discounts!
Download for Android Download for IOS
The Trump administration released its comprehensive cryptocurrency policy report on Wednesday, delivering mixed signals for Bitcoin proponents. While the 166-page document outlined regulatory frameworks for stablecoins and banking services, it notably omitted substantive updates regarding the Strategic Bitcoin Reserve established in March.
——This silence represents a missed opportunity to solidify America's position in the digital asset race—— remarked CJ Burnett of Compass Mining. The mining executive noted that competing nations like El Salvador have already implemented aggressive Bitcoin accumulation strategies.
Bitcoin maximalists expressed disappointment at the lack of concrete reserve expansion plans. Influencer George Bodine characterized the report as "another empty promise" on social media. However, some analysts highlighted progress in the document's distinct treatment of Bitcoin separate from other digital assets.
【Key Data】The report contains 47 direct Bitcoin references but only one passing mention of the strategic reserve program. This comes despite earlier signals from White House advisors suggesting potential updates.
The administration outlined its crypto policy implementation roadmap: 1. Repealing existing regulations 2. Crafting new industry-friendly rules 3. Legislative adoption
Notably, the report proposes shared SEC/CFTC oversight and streamlined banking access for crypto firms. Tax treatment recommendations suggest creating a new asset class category—a potential game-changer for investors.
Bo Hines, digital assets advisor, emphasized preventing future regulatory crackdowns through mass adoption. Yet the absence of active Bitcoin acquisition plans leaves questions about the administration's commitment to challenging China's digital currency dominance.
As the policy debate continues, all eyes remain on whether the Strategic Bitcoin Reserve will evolve beyond symbolic status. With 【$6.3 billion】 in potential purchasing power currently unused, the program's dormancy contrasts sharply with the report's otherwise ambitious crypto vision.