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The White House releases a digital asset report, and there is no substantial update on the Bitcoin reserve plan.
On July 31, Jin Shi Data reported that the White House released the long-awaited digital asset report, which outlines a national strategy aimed at establishing the United States as a global leader in blockchain, cryptocurrency markets, and tokenized finance. Although the report covers a wide range of digital asset policy areas, it does not provide substantial updates on the government's plans for Bitcoin reserves, merely reiterating the statements in President Trump's January executive order, without outlining subsequent steps or an implementation timeline. The release of this report stems from an executive order signed by President Trump in January, which established a cross-departmental working group on emerging technologies such as digital assets and artificial intelligence. This 166-page document was led by David Sacks, the White House's head of cryptocurrency and artificial intelligence affairs, and Executive Director Bo Hines, incorporating opinions from the Department of the Treasury, the Department of Commerce, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC), listing multiple proposals regarding simplifying regulation, supporting innovation, and achieving regulatory modernization. (Forwarded)