A 163-page report that the Trump administration billed as a “roadmap” to make the United States the “crypto capital of the world” landed on 30 July with sweeping proposals for regulation, taxation, and market structure. Yet for traders hoping to learn how many Bitcoin the federal government already owns—or how it intends to buy more without new appropriations—the document was striking for what it left unsaid.
Framed by the White House as the most comprehensive federal assessment of digital-asset policy ever produced, the report urges Congress to give the Commodity Futures Trading Commission spot-market authority, presses the Securities and Exchange Commission to deploy safe-harbours and sandboxes, and reprises the administration’s opposition to a central-bank digital currency. But after 160 pages of granular recommendations, the only reference to the long-anticipated Strategic Bitcoin Reserve (SBR) appears near the end, folded into a single section titled “Cementing US Leadership through the Bitcoin Strategic Reserve and US Digital Asset Stockpile.”
Hours after publication, Executive Director Bo Hines of the President’s Council of Advisers on Digital Assets faced pointed questions on Crypto in America. Asked for an update on the reserve, Hines replied, “Well, look, we have it. It’s been established through executive order in the SBR,” Hines said.
Hines emphasized the logistical complexities behind implementing such a reserve. “You have to build the infrastructure. You have to make sure that you’re crossing your T’s and dotting your I’s,” he said. Despite those assurances, the Bitcoin community has grown increasingly frustrated with the lack of substantive disclosures.
The new report from President Trump’s Digital Asset Group did not address a bitcoin strategic reserve
This silence has created a vacuum of uncertainty at a time when institutional interest in sovereign Bitcoin accumulation is growing. Analysts had hoped the report would offer details about mechanisms for acquiring Bitcoin in a budget-neutral manner, as President Trump has alluded to in the past. No such strategies were outlined in the report, nor were any timelines given for their release.
Despite the vague tone, Hines reiterated the administration’s ideological support for Bitcoin, calling it “in a class of its own” and affirming that the government “believes in accumulation… in budget-neutral ways.” But those declarations are unlikely to satisfy the demands of market participants.
Either way, the next phase of this evolving policy—especially any concrete evidence of sovereign accumulation—could prove pivotal not only for national crypto strategy but also for institutional positioning. As MacroScope concluded, “I continue to see this as a potential career-maker type of trade for institutional guys if it plays out optimally.”
At press time, BTC traded at $118,442.
