The White House released a comprehensive crypto report at the end of July 2025, omitting a direct plan for a national Bitcoin reserve, impacting miners and the crypto market.
The absence of a government Bitcoin acquisition plan removes a potential demand driver, affecting price expectations for Bitcoin and indirectly impacting Ethereum and stablecoins positively due to regulatory discussions.
White House Skips National Bitcoin Reserve Proposal
- The latest White House crypto report introduces regulatory recommendations without a plan for a national Bitcoin reserve, altering market expectations for Bitcoin miners.
- President Donald Trump and senior officials were key players in this report, marking a shift from prior plans that emphasized U.S. crypto leadership. The report’s omission has major implications for the crypto market.
Federal Decision Lowers Bullish Expectations for Miners
- Market reactions highlight the missed opportunity for increased BTC demand, as the federal government refrains from direct Bitcoin purchases. This dampens near-term bullish prospects for miners relying on government accumulation.
- The report’s stance on stablecoins suggests a favorable regulatory environment, while rejecting central bank digital currencies. Analysts note that the lack of a national Bitcoin reserve implies miners won’t see immediate U.S. Treasury accumulation as a price or demand floor—removing a potential bullish catalyst from the market.
Potential Shifts Linked to Future Tax Provisions
- The report recalls the March 2025 executive order, which established a Bitcoin reserve from forfeitures but did not mandate treasury purchasing. The Federal Register details similar government actions historically had no dramatic market impact.
- Experts from Kanalcoin suggest monitoring future tax-related provisions and government strategies for potential crypto market shifts. Historical trends indicate mixed impacts based on regulatory actions and asset management approaches. As the White House report suggests, “By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and ushers in the Golden Age of Crypto.”
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