Bitcoin (BTC) slipped 1.14% in the past 24 hours to $117,529 as the Trump administration previewed its long‑awaited White House report on digital assets, a document that could reshape the U.S. regulatory landscape for crypto.

The report, produced by the President’s Working Group on Digital Asset Markets, set out to outline sweeping recommendations for integrating crypto into the U.S. financial system. These include directing the SEC and CFTC to “immediately enable the trading of digital assets at the federal level,” creating regulatory sandboxes and safe harbors for innovative financial products, and fast‑tracking the implementation of the recently signed Clarity Act and GENIUS Act, which respectively establish frameworks for crypto markets and stablecoins.

Notably, the report embraces decentralized finance (DeFi) as a key growth area and frames stablecoins as tools for strengthening the role of the U.S. dollar, marking a clear pivot toward pro‑crypto policy, underscored by calls for transparency on how crypto firms can secure banking access and master accounts.

However, one glaring omission stood out to market watchers: the report preview lacked any mention of the administration’s much‑anticipated plan to create a federal Bitcoin reserve, an idea floated by Trump’s advisors earlier this year.

For now, the absence of details on such a strategic stockpile leaves one of the administration’s boldest proposals in limbo.