On March 6, President Donald Trump signed an executive order entitled “Creating Bitcoin Strategic Reserve and the US Crypto Active Fund.” In it, he approved the Secretary of Treasury and Secretary of Commerce to implement a neutral strategy for the acquisition of more BTC. However, one of the most notable points of the document was the instructions to the federal agencies to reveal their holdings of Bitcoin within 30 days of the order’s signature.
“Within 30 days of the date of this order, each agency must confirm its authority to transfer the government’s BTC, which owns the Bitcoin Strategic Reserve, and submit a report to the Secretary of the Treasury along with the results of its review,” the report was established. Therefore, this month’s restrictions were set, but ultimately no information needed was revealed. According to journalist Eleanor Terrett, White House officials revealed that their actual term won on April 7th, but the results were the same. Until now, no data required by the Trump administration has been made public..
There are no official numbers, It is estimated that there are around 200,000 bitcoins in the US. In fact, Bitcoin’s financial data reflects the country’s ownership of 207,189 BTC. In some of its cases, Arkham Intelligence places the numbers at 198.012 BTC.
As Cryptonotics reported a few days ago, the US Sheriff Services cannot declare the number of cryptographic effects they own. Given this lack of clarity, Republican Sen. Cynthia Ramis The investigation was first revealed.
It is also important to note that it is not yet clear whether the funds were seized after the hacking to Bitfinex, carried out by Ilya Liechtenstein and Heather Morgan. In January this year, the court ruled that the Department of Justice must do it More than 93,000 Bitcoin Returns to Recovered Victims. At the time of writing this memo, the numbers amount to over USD 7,360 million, referring to prices reflected by CoinMarketCap.
An investigation driven by Senator Cynthia Ramis could lead to Congress and could take on a more active role. Requiring greater transparency through public audiences or possible laws This requires the agency to comply with the president’s executive order. Furthermore, the lack of official data could increase pressure on the Treasury and the Secretary of Commerce.
This change in approach contrasts with the strategies adopted by the US government over the past decade. As David Sachs has recently recalled, “The Emperor of AI and Cryptocurrency” designated by Donald Trump during that period Authorities sold around 195,000 bitcoin for just USD 366 million. If they’re keeping them, then over USD 17,000 million would be worth it.
With the administrative order signed on March 6, the government will try to amend its course and establish it State-owned BTC may not be sold It must be maintained as part of strategic preparation.
An official audit of Bitcoin in the hands of the institutions was expected, but the commercial war promoted by Donald Trump has taken away the order that many consider unexpected. Recently, the US President suspended for three months, where tariffs apply to several countries, except for China, which plans to charge 125%. The market responded with relief from this suspension, Uncertainty about future courses of US commercial policy.
(tagstotranslate)bitcoin(btc)
