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Coin Telegraph

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Image Credit: Coin Telegraph

US federal agencies to report crypto holdings to Treasury by April 7

  • US federal agencies are required to report their cryptocurrency holdings to the Department of the Treasury by April 7, as per an executive order signed by President Donald Trump.
  • The reported holdings will remain confidential and it is unclear whether they will be made public.
  • The executive order also established a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile with the US government.
  • The creation of the Bitcoin Reserve will involve the transfer of BTC forfeited to federal agencies through asset seizures, and the reserve will be kept as a store of value.

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