White House Crypto Report Disappoints Bitcoin Advocates, Omits Reserve Plan
The White House released its much-anticipated crypto policy report this week, offering a broad framework for digital asset regulation but leaving Bitcoin advocates disappointed. Notably absent was any update on the Strategic Bitcoin Reserve first announced by executive order on March 6, reports Cointelegraph.
While the 166-page report references Bitcoin as the foundational digital asset, the only mention of the reserve is a brief note reiterating the original order.
«Markets were watching for leadership and instead got ambiguity,» said CJ Burnett, CRO of Compass Mining. He called the lack of action a «missed opportunity» that risks falling behind other countries.
Some industry voices struck a more hopeful tone. Investor Calvin Ayre acknowledged the report’s effort to engage with Bitcoin seriously: «Give them credit for creating a document that at least attempts to explain in detail how all this stuff works.»
The report details a three-phase plan for digital asset policy reform — demolition of Biden-era rules, construction of new crypto-friendly laws, and implementation. It also calls for the SEC and CFTC to share oversight, and recommends easing access to crypto banking charters and reforming tax classifications.
Still, the omission of a firm Bitcoin reserve strategy was a letdown for those hoping the U.S. would emulate countries like El Salvador. As crypto journalist Susie Violet Ward put it: «For Bitcoiners, this is progress — but far from the finish line.»
Kursiv Uzbekistan also reports that the International Monetary Fund (IMF) has revised upward its economic growth forecast for the Middle East and Central Asia region, now expecting a 3.4% expansion in 2025, up from 2.4% in 2024.
