Bitcoin prices have reduced $116,000 this afternoon following the release of the Trump administration’s highly anticipated digital asset report, a policy proposal aimed at establishing the United States as a global leader in digital asset innovation.
Just In: The White House has published its digital asset report, saying it will “develop strategies that can be used to acquire additional bitcoins for spare.”
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– July 30, 2025, Bitcoin Magazine (@bitcoinmagazine)
President Trump’s executive order established a strategic Bitcoin sanctuary. These reserves are funded primarily through legally confiscated digital assets. The Bitcoin held in the reserve is intended to be maintained, and the Ministry of Finance and Commercial have also begun developing strategies to acquire additional Bitcoin. However, at this point, it is unclear how much BTC is actually held in the reserve in the current state, in a report claiming that most of the coins are currently on sale.
The report, compiled by the CEO’s Working Group on Digital Asset Markets, outlines its stance with Bitcoin and other cryptos, seeking clarity in regulations, protection of self-duty, the use of legal blockchain, banning central banks’ digital currency (CBDCS), and supporting open access to digital financial infrastructure.
Bitcoin was up 26% per year compared to the report’s release. Following its publication, the market saw a short sale as it was likely that it had earned potential profits from “selling news.”
Just In: US Treasury Secretary Scott Bessent publishes “Roadmap to Make America a Crypto Superpower”
– July 30, 2025, Bitcoin Magazine (@bitcoinmagazine)
Despite the dip, the report illustrates the shift away from the Biden administration’s regulatory approach. They directly criticized policies like Choke Point 2.0. This has pressured banks to reduce their ties with legal Bitcoin and crypto businesses, and instead embraced technology-neutral policies and encouraged institutions to encourage legitimate innovation in digital finance. The Trump administration’s new strategy highlights innovation, technological neutrality and free market competition.
“As of June 2025, President Trump’s approval rating among cryptocurrency investors was 72%…” the report said. “In the first quarter of 2025, venture capitalists deployed $4.8 billion to crypto and blockchain-focused startups, supporting industry forecasts to increase 70% year-on-year in total venture dollars invested.”
Private surveys estimate that over 68 million Americans currently own Bitcoin or cryptocurrency. Of these, 82% are considered a good time to invest in June 2025, while 64% said they were confident they would do so due to Trump’s policy. Institutional trust is equally strong, with 83% of companies planning to increase their exposure to digital assets this year.
The report presents the Trump administration’s strategy as a major change aimed at strengthening the US’s position in the global crypto market. It urges Congress to confirm their obligations and peer-to-peer trading rights, establish clear jurisdiction between the SEC and the CFTC to expand market activity. It also needs to ban CBDCs entirely, citing risks to financial surveillance, privacy and sovereignty in the US financial system.
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“We believe in accumulation. There are countless ways we can engage in it.”
– July 30, 2025, Bitcoin Magazine (@bitcoinmagazine)
This post Bitcoin price falls below $116,000 after the White House releases its digital asset report.
