Trump's "Bitcoin Strategic Reserve" Executive Order to Reach Key Milestone on May 5th

BlockBeats News, April 30th. On March 7th this year, Trump signed an executive order aimed at promoting the establishment of a strategic Bitcoin reserve. This executive order requires a comprehensive review of the digital assets held by the federal government, including approximately 200,000 bitcoins (valued at around $17 billion at the time of signing).

The order also requires the Secretary of the Treasury to conduct an evaluation within 60 days on "legal and investment considerations for establishing and managing a strategic Bitcoin reserve and a U.S. digital asset reserve, including accounts in which a strategic Bitcoin reserve and a U.S. digital asset reserve should be held, and whether legislation is needed to implement any aspect of this order or to properly manage and administer such accounts."

On May 5th, which marks the 60-day milestone for the completion of the above tasks as per Trump's executive order.