Odaily Planet Daily News The U.S. Treasury Department and other federal agencies are expected to disclose their holdings of Bitcoin and other crypto assets on April 5 to comply with President Trump's recent directive. Whether the digital assets previously mentioned by Trump, such as XRP, SOL and ADA, will be included in the national digital asset reserves will also be clarified soon. David Bailey, CEO of BTC Inc, said the audit results may reveal the reasons for Bitcoin's recent price movements.
According to a presidential document released on March 11, all federal agencies must report their holdings of Bitcoin and other digital assets to the Secretary of the Treasury within 30 days of the issuance of the order. The Secretary of the Treasury was also instructed to establish two offices to manage digital assets held by the government. The Strategic Bitcoin Reserve will store Bitcoin obtained through criminal or civil forfeiture and will not sell Bitcoin. (crypto briefing)