White House Crypto Strategy No Talk About Bitcoin Reserve Details
On July 31, di White House drop one 166-page report about digital assets wey talk how dem wan take boost US leadership for blockchain, cryptocurrency markets and tokenized finance. White House crypto and AI people plus Treasury, Commerce, SEC and CFTC put mouth for am. The report talk say make dem get one unified federal license system, change law so CFTC fit get authority for non-security digital asset spot markets, bring federal stablecoin regulation, and use AI to watch DeFi well well. E also recommend say make dem get safe harbor for startups, update crypto tax guide, boost money for R&D on smart contracts and on-chain data, improve anti-money laundering moves, support digital IDs and expand payment rails, plus maybe exempt some software-driven protocols. But the report no talk anything new about the planned Strategic Bitcoin Reserve, e just repeat wetin dey inside the January executive order without timeline or how dem wan implement am—dis one fit affect BTC feeling small in the near future. Traders suppose dey watch new laws and regulatory clear clear wey fit change market structure, compliance levels and trading chances.
Bearish
Di report dey provide beta digital asset strategy but e no mention any new Bitcoin Reserve details, wey make government BTC holdings remain uncertain. Short term, dis info gap fit make market feeling and BTC trading slow down, put pressure to reduce price. But long term, clear federal license, CFTC supervision for spot markets, stablecoin framework plus AI dey control DeFi gats fit make market strong, improve compliance and attract big institution join, wey fit support slow price balance and price hike.