Bitcoin Holds Firm at $118,000 as Trump’s Crypto Report Nears Release

Bitcoin Magazine

Bitcoin Holds Firm at $118,000 as Trump’s Crypto Report Nears Release

Bitcoin remains steady at $118,000 as markets await the Trump administration’s highly anticipated digital assets report, expected to be released tomorrow. The report is the first major crypto policy report under President Trump and could mark a historic shift in US support for Bitcoin and related technologies.

The White House report is the result of months of work from the President’s Working Group on Digital Assets, led by David Sacks and Bo Hines. Crypto In America’s Eleanor Terrett, formerly of Fox Business, says it may include proposals for funding the strategic Bitcoin reserve, include further information on the national digital asset stockpile, regulatory clarity, and national security measures to counter illicit finance and sanctions evasion.

The President’s Working Group on Digital Assets has completed the 180-day report. It will be released publicly on July 30th.

America is now leading the way on digital asset policy

Bitcoin has already climbed 26 percent in 2025, driven by increasing institutional interest and a wave of supportive legislation. One of the most impactful developments was the signing of the GENIUS Act, which established a comprehensive framework for regulating stablecoins. This was followed by the House passing the CLARITY Act and the Anti-CBDC Surveillance State Act, signaling clear resistance to government controlled digital currencies and a shift in favor of decentralized digital assets such as Bitcoin.

NEW: President Trump to sign the crypto GENIUS Act into law today.

America is embracing Bitcoin and crypto pic.twitter.com/KYV8ykoySz

On the legislative front, the Senate Banking Committee is expected to release a draft of its market structure reforms this week. Additionally, the Senate Agriculture Committee is holding a vote today on Brian Quintenz’s nomination to lead the CFTC, a regulator in the Bitcoin market, the CFTC could see a shift toward more bitcoin friendly leadership if Brian Quintenz’s nomination is confirmed, potentially shaping future oversight in favor of digital assets.

Meanwhile, institutional players continue to validate Bitcoin’s role in global finance. A recent report from the BlackRock Investment Institute called 2025 a banner year for Bitcoin, noting that the US is becoming the bitcoin and crypto capital of the world. BlackRock also highlighted the rapid rise of stablecoins, which now have a combined market cap of $250 billion. This growth reflects the mainstreaming of blockchain-based assets and increasing investor confidence in digital finance.

JUST IN: $12.5 trillion BlackRock says Bitcoin is having a great year as the US becomes "the crypto capital of the world." pic.twitter.com/OBbKzb0VIm

With policy momentum accelerating and federal attention focused on digital assets, Bitcoin’s current stability may be the beginning of a much larger move as the US positions itself at the forefront of the crypto economy.

This post Bitcoin Holds Firm at $118,000 as Trump’s Crypto Report Nears Release first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.