Last updated on April 30th, 2025 at 08:34 pm
Federal agencies across the United States are preparing to report their cryptocurrency holdings to the Treasury Department following a new executive order signed by President Donald Trump on March 6. According to sources within the White House, the submission deadline is Monday, though the findings are not expected to be made public.
Fox Business journalist Eleanor Terrett reported that agencies must submit their crypto data to Treasury Secretary Scott Bessent. However, the executive order does not compel the government to release the information publicly. “Unclear as of now if and when the findings could be made public,” Terrett noted in a post.
This lack of transparency has sparked criticism within the crypto community. Some users have questioned why the government’s crypto stash remains hidden, arguing that taxpayers deserve to know how digital assets are managed. Others have called the secrecy “shady,” especially given the growing role of crypto in public finance.
Trump’s appointed “AI and Crypto Czar,” David Sacks, recently reignited debate around the government’s digital asset strategy. Speaking on a podcast last month, Sacks revealed the U.S. had once controlled around 400,000 BTC but sold nearly half for only $366 million. With Bitcoin’s price surge, that amount would now be worth over $17 billion.
As of April 7, blockchain analytics firm Arkham Intelligence estimates that the U.S. government holds approximately 198,000 BTC—valued at nearly $15 billion—alongside $380 million in other tokens, including Ethereum (ETH), Wrapped Bitcoin (WBTC), and Binance Coin (BNB).
Trump’s executive order initiated an audit of federal crypto assets and established two new entities: a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The Bitcoin Reserve will retain seized BTC as a national asset instead of auctioning it. At the same time, the Digital Asset Stockpile will oversee other cryptocurrencies like ETH and TRX, allowing for flexibility in management. These reserves will mainly comprise crypto obtained through legal proceedings, with estimates suggesting the government holds around 200,000 BTC, although no official audit has been released.
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