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US crypto watchers are on edge. A new policy report is set to land before the month ends – and it could reshape how digital assets fit into the US governments plans.
According to an X post by Bo Hines, the Presidents Digital Asset Working Group wrapped up its 180?day study and will publish the findings on July 30.
Based on reports, the group was originally expected to unveil the report around July 22, following an executive order in January by US President Donald Trump. That order asked the team to sketch out how a Strategic Bitcoin Reserve might work.
The report should spell out how much Bitcoin the US holds today. Those coins come from law enforcement seizures over recent years.
Policy wonks and investors alike want to know whether the federal stash is just a data point or the start of a bigger reserve plan.
Inside sources say the document will cover the nuts and bolts of setting up a national digital?asset fund. Its likely to recommend using existing seized coins first.
Then it could suggest budget?neutral methodslike moving assets from other fundsto buy more Bitcoin.
Theres talk of tapping nearly 200,000?BTC that authorities have captured so far. Security, storage and audit rules will also get attention, since a reserve needs tight guards and clear accounting.
The executive order hinted that the reserve would use only lawfully obtained coins. It didnt detail how long the government must hold them before selling, but some drafts mention a 20?year holding period for stabilitys sake. If that sticks, it would mirror long?term strategies used for gold and other strategic resources.
On the Hill, Congress isnt sitting still. Trump recently signed the GENIUS Act, which lays out rules for banks, credit unions and trusted non?banks to issue stablecoins.
At the same time, the Senate Banking Committee just rolled out a crypto market structure bill. That proposal aims to decide whos in chargewhether its the SEC or the CFTCand how to protect everyday users.
Beyond those measures, Senator Cynthia Lummis has reintroduced the BITCOIN Act. It would direct the Treasury to buy 1?million BTC over five years.
Investors see a clear upside if both executive and legislative moves line up. More government buying could add heavy demand to Bitcoins market.
Yet some experts warn that holding such a volatile asset on a government balance sheet carries its own risks, from price swings to security costs.
Featured image from Pexels, chart from TradingView