A White House official said in a statement today to Fox Business reporter Eleanor Terrett that U.S. federal agencies are nearing their deadline to report Bitcoin and cryptocurrencies to Treasury Secretary Scott Bessent.
Accordingly, federal agencies are expected to report cryptocurrency assets to the Secretary of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year.
These notifications will only be made to the U.S. Secretary of the Treasury, and since there is no obligation to disclose the notifications to the public, the results will remain confidential for now.
Fox reporter Terrett said, “It is currently unclear whether the findings will be made public and when they will be announced.”
The reporting by U.S. institutions comes as part of President Trump’s executive order dated March 6, which establishes a Strategic Bitcoin Reserve and Digital Asset Stock.
The US Strategic Bitcoin Reserve will hold Bitcoins obtained through punitive or legal confiscation and will safeguard these assets in the long term without selling them. According to Arkham Intelligence data, the US government currently holds 198,012 Bitcoins worth over 15 billion dollars.
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