On April 30, on March 7 this year, Trump signed an executive order aimed at promoting the establishment of a strategic Bitcoin reserve. This executive order requires a comprehensive review of digital assets held by the federal government, including approximately 200,000 Bitcoins (valued at around $17 billion at the time of signing).
The order also requires the Secretary of the Treasury to evaluate within 60 days the "legal and investment considerations for establishing and managing a strategic Bitcoin reserve and U.S. digital asset reserve, including the accounts where the strategic Bitcoin reserve and U.S. digital asset reserve should be held, and whether legislation is needed to implement any aspect of this order or to properly manage and administer these accounts."
May 5 is the 60-day deadline for completing the work required by Trump's executive order.
