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Cryptocurrency News Articles
The U.S. Government's Mandated Disclosure of its Significant Crypto Holdings, Including Bitcoin, XRP, SOL, and ADA, Is Overdue
Apr 12, 2025 at 04:19 pm
The Strategic Bitcoin Reserve and Digital Asset Stockpile, built from seized assets, aims to establish a national crypto reserve.
The U.S. government is yet to disclose its significant cryptocurrency holdings, including Bitcoin, XRP, SOL, and ADA, which are part of a broader plan to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile.
This initiative, announced by President Donald Trump in March and aims to create a national crypto reserve from seized assets.
As the 30-day deadline for agencies to report their digital assets has passed without any updates, questions are arising about the status of the U.S. government’s cryptocurrency holdings.
President Donald Trump's executive order on March 6th required all federal agencies to report their Bitcoin and other cryptocurrency holdings to the Treasury Secretary within 30 days.
However, that deadline passed on April 5th, and now, 37 days after the order, there has still been no public update. This delay has sparked curiosity and concern within the crypto community.
What We Know So Far
The executive order, titled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile,” is focused on collecting and managing digital assets forfeited in criminal and civil cases.
These assets will be used to build two strategic reserves: the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile.
According to BitcoinTreasuries, the U.S. government is currently holding around 198,012 BTC, valued at approximately $16.8 billion as of April 1.
Earlier in March, White House crypto advisor David Sacks estimated the total to be around 200,000 BTC, although an official audit to confirm this number has yet to be released.
The administration is also planning to sell some of the crypto assets to replenish the government’s account, which is currently overdrawn by $297 billion.
These funds will then be used to continue purchasing more Bitcoin and other digital assets.
The executive order also allows the Treasury and Commerce Departments to identify ways to increase the U.S.’s Bitcoin holdings.
However, it is clear that no additional digital assets will be acquired by the government other than those that are seized.
President Trump has also mentioned that XRP, Solana (SOL), and Cardano (ADA) will be included in the government’s crypto stockpile.
If agencies do report their holdings in these tokens, it could have a significant impact on the market, potentially driving demand and increasing investor confidence.
However, the broader market sentiment is being affected by President Trump’s trade policies and the possibility of new global tariffs.
Despite a brief recovery on April 1, the total cryptocurrency market cap has decreased by 7% over the past week, now standing at $2.76 trillion.
As time passes, the crypto community continues to await the Treasury’s report on the agencies’ digital asset holdings.
With growing speculation surrounding the upcoming disclosure, it could have a major bearing on both the government’s crypto strategy and the market’s future movements.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Bitcoin (BTC) Bull Market Remains Active Unless the Price Falls Below This Level, Says Tony Severino
- Apr 21, 2025 at 04:00 am
- Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level.
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