The White House is expected to publish its long-awaited digital assets report before the end of the month, according to Crypto In America reporter Eleanor Terrett, who cited a White House official. The document, originally due on July 22, is widely seen as the Trump administration’s first major policy blueprint for crypto and a key signal of how Washington may approach the sector at the federal level.
Months of coordination point to a broader policy blueprint
The report was prepared by the President’s Working Group on Digital Assets, co-chaired by David Sacks and Bo Hines. Its development follows a January executive order aimed at strengthening U.S. leadership in digital assets. While the full text has not yet been released, the report is expected to include regulatory and legislative recommendations that could shape the next phase of U.S. crypto policy.
One of the most closely watched areas is the possible inclusion of a framework for a national digital asset stockpile and a Strategic Bitcoin Reserve (SBR). If formalized, those proposals could clarify how the U.S. government may define, hold, and manage digital assets, making the report especially relevant for both policymakers and market participants.
National security and stablecoin issues also in focus
Terrett’s source said the document is also likely to address national security concerns tied to illicit finance and sanctions evasion. That suggests the administration may position digital asset policy not only as an innovation issue, but also as part of a broader compliance and enforcement agenda.
The working group’s original mandate also included the creation of a federal stablecoin framework. However, that objective has reportedly been addressed in large part by Congress through the recent passage of the GENIUS Act. As a result, the White House report may focus more on executive implementation priorities and complementary policy guidance.
Questions grow over U.S. government bitcoin holdings
The report arrives amid renewed scrutiny over how much bitcoin the U.S. government actually controls. Independent journalist L0laL33tz, writing for The Rage, reported that the U.S. Marshals currently hold 28,988 BTC, based on a response obtained through a Freedom of Information Act request. That figure is far below the widely cited estimate of 198,012 BTC, creating fresh uncertainty around the government’s actual holdings.
Any detailed discussion of a Strategic Bitcoin Reserve in the forthcoming report could help explain that gap and provide the public with greater clarity. More broadly, the release may become a major reference point for understanding the future of U.S. crypto regulation, federal reserve policy for digital assets, and the government’s evolving national security approach to the sector.