The White House has released a 166-page report on crypto, detailing various policy recommendations that surprisingly did not include a Bitcoin reserve, despite expectations for updates on the Strategic Bitcoin Reserve. The report acknowledges Bitcoin's importance as the leading cryptocurrency but only mentions the reserve in a restatement of previously established terms. Bitcoin advocates, including industry figures, expressed disappointment, calling the omission a missed opportunity and stressing the risk of uncertainty for the U.S. compared to other nations. However, some saw the report as a sign of progress, recognizing Bitcoin as a strategic asset distinct from other digital currencies. The report's primary proposals focus on updating crypto regulations, including a clearer classification of digital assets, allowing banks to offer crypto services, and proposing new tax rules for digital assets. The administration aims to enhance crypto adoption to prevent future restrictive regulatory environments, emphasizing that the absence of action on a Bitcoin reserve must wait for now.

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