Although it was expected, the report does not reveal how many BTC has the US.
The report focuses on regulatory proposals for the cryptocurrency industry.
As planned for today, the White House published the report requested by President Donald Trump six months ago to his team specialized in digital assets.
The objective of the same was Present regulatory and legislative recommendations for the strengthening of American leadership in digital financial technologyparticularly focused on the issuance and operation of digital assets, as well as the creation of a national cryptoactive reserve.
This in reference to Executive Order No. 14233 issued by Trump, which this directive ordered and is the United States policy to establish a strategic Bitcoin reserve and a digital asset storage of the United States.
In accordance with the framework established by these executive orders, the report presented by the presidential working group indicated that the reservation and storage will be administered by the Treasury, which will establish an office to maintain control of the associated custody accounts.
Bitcoin reserve and digital asset storage will be capitalized with those confiscatedin the property of the US government. Although not necessarily all seized will be taken for this.
He clarified that the seized digital assets necessary to meet the legal objectives will continue to be used for these purposes, including compensation for identifiable and verifiable victims of crimes, support for police operations, their equitable distribution with state and local forces of the order of order, and compliance with other legal requirements of the confiscation program.
In addition, the report of the government that They plan to accumulate more BTC in addition to the confiscated: “The Department of Treasury and the Department of Commerce will develop strategies that allow additional bitcoins to acquire neutral reserve from the budgetary point of view and without imposing additional costs to US taxpayers.”
It also indicates that The bitcoin of the reserve will generally not be sold And they will remain as assets of the United States, used to meet government objectives in accordance with applicable legislation.
According to the statement, the Department of the Treasury and the Department of Commerce will study custody to safeguard the assets of the United States, he mentions.
“The Treasury Department will continue to coordinate with the White House and other members of the working group to advance with the next appropriate steps to put the reservation and reserve for the benefit of the government and the taxpayers of the United States into operation,” the report culminates.
The White House said the report “supports the notion that digital assets and blockchain technologies can revolutionize not only the US financial system, but also property and governance systems throughout the economy.”
While the statement is in tune with what was expected, Does not detail how many BTC are in the hands of the Government or strategies to accumulate more holdings in the digital currency, as the community that urges more transparency, somewhat reported by cryptootics.
The report, which has 166 pages, focuses mainly on recommendations on the regulation of the cryptoactive industry, such as the importance of advancing with the Clarity bill that divides digital assets into different categories.
For the White House, if the recommendations of the Presidential Working Group are implemented, They will guarantee that cryptocurrencies become a distinctive seal of the new American golden age.
“American businessmen who are pioneers in new industries that use these technologies deserve clarity about the policies that affect their efforts and praise for the progress they have achieved,” said the White House.
«American history is a story of innovation. From the railroads that linked the sea with a brilliant sea, to the Internet that connected to the entire world, American entrepreneurs have led the construction of next -generation technologies in each generation from our foundation. Cryptocurrencies should not be different ».
White House
It also maintains the government statement that “no president gave this movement the recognition he deserves to President Trump” and recalls his intention to turn the United States into the “capital of cryptocurrencies.”
