White House Ends Crypto Regulations as 5% Bitcoin Reserve Target Advances

The White House issued an Executive Order on May 19 directing regulators to scrap outdated rules hindering crypto integration into traditional finance. This follows the May 21 announcement targeting a 5% Bitcoin strategic reserve of roughly 1 million BTC to support long-term prices. The policy builds on the May 18 confirmation that legal and custody frameworks are complete for the existing 328,372 BTC reserve established by executive order in March 2025, with ARMA legislation authorizing up to 200,000 BTC annual purchases starting Q4 2026. Bitcoin has traded near $77,000 amid renewed optimism, with prediction markets assigning a 43.5% chance of reaching $115,000 by May 2026.