On April 30th, COINOTAG reported significant developments following an executive order signed by former President Trump on March 7th, which focuses on establishing a strategic Bitcoin reserve. This directive mandates a thorough examination of the digital assets currently held by the federal government, specifically highlighting an estimated 200,000 bitcoins valued at approximately $17 billion at the time of signing. The executive order also instructs the Secretary of the Treasury to assess, within a 60-day timeframe, the legal and investment implications of creating and administering a strategic Bitcoin reserve alongside a U.S. digital asset reserve. This includes evaluating potential accounts for maintaining these reserves and determining whether further legislation is necessary to facilitate or manage these assets effectively. As May 5th approaches, all eyes are on the Treasury for compliance with this significant mandate.
Source: https://en.coinotag.com/breakingnews/trumps-executive-order-sparks-strategic-bitcoin-reserve-review-what-it-means-for-the-future-of-digital-assets/