U.S. President Donald Trump Signed an Executive Order to Establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile

The aim was to build reserves from digital assets seized through criminal and civil cases.

U.S. President Donald Trump signed a crucial executive order aiming to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

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The executive order, signed on March 6, focused on building reserves from digital assets seized through criminal and civil cases. It mandated federal agencies to disclose their crypto holdings to the Treasury Secretary within 30 days.

This deadline passed on April 5, yet 37 days later, the public is still awaiting any significant update regarding the report. This delay has left many within the crypto community wondering what is going on behind the scenes.

The 30-Day Deadline Passed Without a Report

The executive order, which aimed to collect and disclose the government's digital assets, stipulated that federal agencies had 30 days to report their holdings of Bitcoin, XRP, Solana (SOL), and Cardano (ADA) to the Treasury Secretary.

These assets were to be collected from those seized in legal proceedings, forming the basis of the U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile.

However, as the April 5 deadline passed without any public disclosure, questions about the delay began to arise. Although the executive order emphasized the importance of transparency and accountability, no updates or official figures have been provided to the public.

The lack of progress and information has raised doubts among market participants and crypto enthusiasts who were expecting a timely report that could potentially impact market sentiment.

How Much Crypto Does the U.S. Government Actually Own?

According to BitcoinTreasuries, as of April 1, the U.S. government is said to hold approximately 198,012 BTC, which is valued at about $16.8 billion.

While this estimate has been widely cited, there has been no official confirmation from the Treasury or the White House regarding the exact number of Bitcoin or other cryptocurrencies held.

David Sacks, a White House crypto advisor, had previously stated that the U.S. government's total Bitcoin stash is estimated to be around 200,000 BTC, an assessment made in March. However, once again, this figure has not been officially verified.

Under the executive order, the government is restricted to using only seized digital assets for its reserve and is prohibited from acquiring additional digital currencies on the open market. This means that the U.S. will not purchase cryptocurrencies beyond those that have already been confiscated through legal processes.

The Potential Impact on XRP, SOL, and ADA

Among the cryptocurrencies included in Trump’s executive order are XRP, Solana (SOL), and Cardano (ADA), which could become a significant part of the U.S. government’s crypto holdings.

If the government confirms its ownership of these assets, it could have a positive impact on their market value. The potential statement could drive demand for these tokens, particularly if investors see it as a sign of institutional support.

However, Trump’s broader economic policies, especially his aggressive trade stance and tariff strategies, have added uncertainty to the markets. This ongoing tension is contributing to a less favorable macroeconomic environment, despite some attempts at a recovery in early April.

Over the last week, the total cryptocurrency market capitalization has fallen by 7%, now sitting at $2.76 trillion.

Eyes on the Treasury Department

For now, all attention is focused on the U.S. Treasury, which is expected to provide the overdue update regarding the country’s crypto holdings.

While the delay in the report has created some uncertainty, the anticipation surrounding the final disclosure remains high. The market is closely watching for any developments, particularly regarding how the U.S. government’s strategic reserve of digital assets could influence the broader crypto space.

The transparency promised by the executive order could provide a significant boost to the market if it aligns with investors’ expectations, but until the Treasury releases its findings, the crypto world will have to wait in suspense.

The government’s role in the digital asset landscape is a topic of increasing importance, and any official update could have far-reaching implications for the entire industry.