Deadline for US Institutions Has Come! What Does It Mean for Bitcoin (BTC) and Cryptocurrencies?

2

The deadline has come for U.S. federal agencies to report their Bitcoin and cryptocurrency holdings to Treasury Secretary Scott Bessent, a White House official told Fox Business correspondent Eleanor Terrett today.

Accordingly, federal agencies are expected to report their cryptocurrency holdings to the Treasury Secretary by April 7, following an executive order signed by President Donald Trump earlier this year.

These reports will be made only to the US Treasury Secretary, and since there is no requirement for the reports to be made public, the results will remain confidential for now.

“It's unclear at this point if and when the findings will be made public,” Fox's Terrett said.

🚨NEW: The deadline for the federal agencies to report their crypto holdings to Treasury Secretary Scott Bessent is tomorrow, according to a White House official. However, the Executive Order didn’t require the findings of the audit be made public, only that they be reported to… https://t.co/6JUjCEEh2F

— Eleanor Terrett (@EleanorTerrett) April 6, 2025

The reporting by U.S. institutions comes as part of President Trump’s March 6 executive order establishing the Strategic Bitcoin Reserve and Digital Asset Stockpile.

The U.S. Strategic Bitcoin Reserve will hold Bitcoins obtained through criminal or civil forfeiture and preserve these assets for the long term without selling them. According to Arkham Intelligence data, the U.S. government currently holds 198,012 Bitcoins worth over $15 billion.

*This is not investment advice.

Original Article