White House Crypto Report Imminent: Is the US Government's Bitcoin Holdings About to be Revealed?

Original Title: "White House Crypto Report Imminent: Is the US Government's Bitcoin 'Wallet' About to Be Revealed?"

Original Source: BitpushNews

On July 30th, Eastern Time, a much-anticipated document in the crypto industry is set to be released—the White House's first-ever digital asset policy report. It is not only the Trump administration's first systematic expression of its cryptocurrency regulatory stance but is also seen as a potential roadmap for the industry's development in the years to come.

This upcoming report stands out among various legislative developments and regulatory battles, with its impact potentially extending far beyond regulation itself.

"Top-level Design" Spawned by Executive Order: Starting with Order 14178

In January of this year, US President Trump signed Executive Order 14178, formally calling for the establishment of the "President's Working Group on Financial Markets." The group, led by the Treasury Secretary, includes core regulators such as the SEC Chairman and the Secretary of Commerce, with its mission being a comprehensive evaluation of the development of digital assets and the proposal of targeted policy recommendations.

Now, after 180 days of preparation, this heavyweight report is finally about to be unveiled. Bo Hines, the White House's Crypto Czar, has confirmed on social media that it will be officially released on July 30th, stating that "the United States is leading the global trend in digital asset policy."

The timing of the report's release is also quite delicate—key legislation such as the "GENIUS Act" and the "CLARITY Act" are making substantive breakthroughs, with the dual advancement of executive orders and legislation sending a strong policy signal: the US is no longer observing from the sidelines but is fully engaged in digital asset governance.

Industry's Core Focus: The Arrival of the Regulatory "Explicit Era"

After years of regulatory ambiguity and multi-stakeholder games, the industry's most urgent expectation of this report is centered around "clarity" and "boundaries."

Cody Carbone, CEO of the US Digital Chamber, bluntly states: this will be the "foundational document for all related regulations and guidance in the next three and a half years."

From the available information, the report is expected to focus on the following four main areas:

1. Stablecoin Regulatory Framework

The report may propose institutional designs regarding issuance thresholds, reserve mechanisms, and audit transparency for USD-backed stablecoins, laying the foundation for the expanding stablecoin ecosystem.

2. Bank Access and Collaboration Mechanism

Around the issue of "legitimate identity" of crypto companies in bank accounts, payment channels, etc., the report is expected to propose a policy approach that integrates with traditional finance while strengthening risk isolation.

3. National Security Perspective

Addressing the potential issues of digital assets in cross-border transactions, sanction evasion, and money laundering risks, the report will emphasize the construction of "compliance technology" and promote the alignment of technological means with regulatory requirements.

4. Technology Neutrality and Regulatory Boundary Definition

"Regulation based on function rather than technology" may become the main theme of the report, clarifying the functional boundaries of various regulatory agencies and addressing the industry's long-standing issues of "multi-headed management" and "regulatory gaps."

Cody Carbone pointed out that defining the "can and cannot dos" bottom line will greatly enhance industry confidence.

The Holding Puzzle: How Much BTC Does the U.S. Government Really Hold?

In addition to the regulatory blueprint, another highly anticipated part of the report is the first official disclosure of the U.S. government's cryptocurrency holdings.

For years, claims that the "U.S. government holds the most Bitcoin globally" have been widely circulated on the internet. According to the BitcoinTreasuries platform's estimation, the U.S. government's holdings are about 198,000 BTC, far exceeding other countries.

However, independent journalist L0la L33tz recently applied to the Department of Justice for holding data through the Freedom of Information Act (FOIA), and the results showed that the Department of Justice only holds 28,988 BTC. This number is much lower than market expectations, prompting questions like "Nearly 170,000 BTC sold off?" (For details, refer to this article: Did the U.S. Marshals Service Sell Nearly 170,000 BTC? Is an Epic Replenishment Coming?!)

A more neutral explanation comes from community user Shifu Dumo. He believes that the FOIA data only reflects the part that the Department of Justice's subordinate agency—the U.S. Marshals Service (USMS)—can currently liquidate. Some assets may be frozen, used for compensating victims, or held by other agencies, and they are not included in the Department of Justice's report.

However, this also means that the actual amount of Bitcoin belonging to the U.S. federal government, available for the "national strategic reserve," may be far lower than what the outside world imagines.

Cryptocurrency commentator "The ₿itcoin Therapist" directly asked White House Cryptocurrency Affairs Czar Bo Hines on social media: "How much Bitcoin does the U.S. government hold? Isn't it important for this to be revealed?" This statement fully expresses the community's desire for transparency.

This upcoming White House report is expected to reveal the true extent of the U.S. government's Bitcoin holdings and provide an official explanation for these "missing" bitcoins, thereby addressing the market's long-standing questions.

Industry Response: Signal of entering the "Adoption Phase"

The industry's response to this upcoming report has been generally positive. Blockchain Association CEO Summer Mersinger believes it marks the transition of crypto executive orders into a substantive implementation phase.

Wintermute Policy Director Ron Hammond sees the report as "an important step by the Trump administration to fulfill its promises to the crypto industry."

According to Jordi Visser, Managing Director of 22V Research, we are at a turning point in the crypto industry, moving from "experimentation" to "acceptance and adoption." He likens the current stage to a "ChatGPT moment in the crypto world."

With clearer regulatory expectations and accelerated institutional entry, the price of Bitcoin has recently seen a strong rebound, briefly surpassing the $120,000 mark. As of the time of writing, it is still holding above $117,000, with a total market cap of $3.85 trillion.

This report is not only a comprehensive presentation of the Trump administration's crypto policy but also a significant "moment" for the global crypto market. How will it strike a balance between encouraging innovation and mitigating risks? Can it address the trust deficit regarding the U.S. strategic holdings? These answers are about to be revealed.

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