So, the White House just gave us a sneak peek at its big crypto report, and right away, people noticed something strange. There’s no mention of the Bitcoin Reserve. At all.
This report comes from the Presidential Working Group on Digital Assets. It was put together after President Trump signed an executive order back in January. Since then, government agencies have been working together for months to pull this off.
And honestly, most people in the crypto space expected it to include something, anything, about the U.S. building a national Bitcoin reserve. After all, Trump signed an order about it in March, and they even held a big Crypto Summit to get feedback.
But now that we have the preview? Crickets. Not a word about the reserve or any kind of digital asset stockpile. That’s left a lot of people scratching their heads. Maybe the full report will include it, maybe not, but for now, it’s completely absent.
However, the report does include a substantial shift in the way the government is seeking to frame crypto. It is calling for faster innovation with simpler, straightforward regulation.
In short, it wants to stop playing games and finally give crypto businesses and investors a set of rules to operate within. No more perpetual gray areas about how to register or where to trade, nor how custody plays out or what might be considered compliant.
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They’re also pretty bullish on DeFi. The report suggests setting up “safe zones”, places where developers can launch new products without immediately worrying about getting slammed by the SEC. The whole point is to make room for innovation while still keeping consumers safe.
Stablecoins also got a lot of attention. Since Trump signed the GENIUS Act into law earlier this month, there’s been a big push to roll out a real framework for dollar-backed stablecoins. According to the report, these could help reinforce the dollar’s strength globally, and they want regulators to act fast on it.
White House Crypto Report Preview Leaves Out #Bitcoin Reserve: Here’s What It Covers Instead. 🧵🧵🧵 pic.twitter.com/W7XjCVGHGV
— TheCryptoBasic (@thecryptobasic) July 30, 2025
But when it comes to central bank digital currencies? The White House isn’t having it. The report calls for a total ban on a U.S. CBDC. They’re worried about privacy and don’t like the idea of the federal government tracking people’s transactions. That part is very in line with Trump’s messaging lately.
The report also touches on crypto taxes, something that’s long overdue for a refresh. It calls on the Treasury and IRS to rethink how they handle things like staking, mining, and small daily transactions.
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There’s even a suggestion to raise reporting thresholds and tweak corporate tax rules, which could make it way easier to use crypto in everyday life.
So yeah, the missing Bitcoin Reserve is disappointing, especially after all the hype earlier this year. But even without it, this report still marks a big moment.
Since January, the Trump administration has taken a more pro-crypto stance. They’ve created a Crypto Task Force at the SEC, shut down the DOJ’s old enforcement team, paused major lawsuits, and rolled back some of the more burdensome tax reporting rules from the last administration.
It’s not everything people were hoping for, but it’s a sign the U.S. is taking crypto more seriously. And while the Strategic Bitcoin Reserve might not be in this preview, the door isn’t completely closed. We’ll have to wait and see if it shows up in the final version.
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