Just 35 days ago, President Donald Trump signed an executive order requiring all federal agencies to audit their crypto holdings within 30 days. It expired five days ago, but the audit is not online.
Trump’s “Crypto Czar” appointed David Sacks repeatedly promised that he would meet the order’s directives. On a media tour after the announcement, he lamented the lack of information about the amount of cryptography that the government actually owns, vowing that the audit will ultimately bring clarity and accountability to the government’s cryptocurrency finances.
He was to file a complete and unequivocal report last week with Treasury Secretary Scott Bescent. According to Trump’s President’s order, it should be “a full accounting of all government digital assets in the possession of such agencies, including information about the currently held storage accounts.”
Nevertheless, No one has released this full accounting, including David Sachs..
We should ever be audited for US federal cryptography
The US government probably owns more than $16 billion in code. Most of it is Bitcoin (BTC), bound by Bitfinex and convicted hackers Ilya Lichtenstein and Heather Morgan (aka Razzlekhan).
Read more: News that never happened: Government to buy Bitcoin Reserve
Technically, the audit could have been completed in some way and personally delivered to Secretary Becent. The executive order did not require the findings to be made public.
Sacks has not issued a statement regarding the audit. Also, Trump has not done so through the truth social or x.
With media silence in this highly anticipated audit, members of the crypto community can only continue to speculate on how much cryptography the US government has.
