White House crypto report a mixed bag for Bitcoin advocates
The White House’s crypto report did not provide updates to the March 6 executive order establishing a Bitcoin reserve.
The White House released its long-awaited report on crypto on Wednesday, detailing a number of policy recommendations that omitted a Bitcoin (BTC) reserve.
The 166-page document provides recommendations for multiple aspects of the crypto industry, including banking policy, stablecoins and countering illicit finance. The report does mention the Strategic Bitcoin Reserve, insofar as it was established back in March, but makes no mention of further development.
Bitcoin maximalists have stated that the Bitcoin reserve order should allow the government to actively purchase the asset in a strategy more akin to El Salvador.