Report: Presidential Working Group’s Crypto Report Release Imminent

CN
11 hours ago

The report, officially due on Tuesday, July 22, will be made public “before the end of the month,” according to Eleanor Terrett of Crypto In America, who cited a White House official on Monday, July 21. Terrett’s report says this follows months of interagency coordination.

Originating from the President’s Working Group on Digital Assets, co-chaired by David Sacks and Bo Hines, the report responds to a January executive order aimed at bolstering U.S. leadership in the crypto sector.

While specific details remain limited, Terrett’s report notes that the document is anticipated to outline regulatory and legislative proposals. Key expected elements include frameworks for a potential national digital asset stockpile and a Strategic Bitcoin Reserve (SBR).

Terrett’s source says that national security recommendations targeting illicit finance and sanctions evasion are also likely featured. The working group’s original mandate included crafting a federal stablecoin framework, a goal largely addressed by Congress’s recent passage of the GENIUS Act.

The announcement follows a revelation that the U.S. Marshals currently hold 28,988 BTC—far below the widely believed estimate of 198,012 BTC that many think the government controls. This detail was uncovered by independent journalist L0laL33tz in a report for The Rage, citing a response obtained through a Freedom of Information Act (FOIA) request.

The SBR framework may offer some clarity on the issue and help shed light on the discrepancy for the public.

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