Emre Yumlu 
Federal agencies in the United States are required to report their cryptocurrency holdings to the Department of the Treasury by April 7.
This process was initiated under an executive order signed by President Donald Trump earlier this year.
According to journalist Eleanor Terrett, who cited a source close to the White House, the reports will be submitted directly to Treasury Secretary Scott Bessent. However, it is noteworthy that this information will not be disclosed to the public. Terrett stated, “It is currently unclear if or when these reports will be made public.”
The US Moves to Establish Digital Reserves
This reporting obligation is part of two new digital reserves created under the executive order signed on March 7: the Strategic Bitcoin Reserve and a broader Digital Asset Stockpile. The Bitcoin reserve will be formed using BTC seized by federal agencies.
David Sacks, the White House official in charge of crypto and AI, described the reserve as a “digital Fort Knox for cryptocurrencies.” According to Sacks, the US government will not sell any BTC in the reserve; instead, it will be held as a long-term store of value.
Sacks previously criticized the sale of 195,000 BTC for only $366 million. He argued that the mistimed sale cost the government billions and that holding onto the BTC could have brought significant profits.
The initial phase of the reserve will be funded by BTC already held by the Treasury. Other federal agencies will assess their legal authority to transfer their holdings into the reserve.
Responsible Crypto Management Through the Digital Asset Stockpile
The digital asset stockpile aims to organize and manage the government’s other crypto assets in a structured way. Sacks said this system would support “responsible stewardship” of these holdings, including potential asset sales when necessary.
On March 2, Trump stated that the reserve would not be limited to Bitcoin and would include altcoins like XRP, Solana, and Cardano. Later, Ethereum and Bitcoin were also officially added to the list.
Trump’s Tariff Decision Shakes the Crypto Market
While Trump’s presidency initially had a positive effect on crypto markets, his recent announcements and tariff implementations caused a significant market downturn.
As part of a new tariff plan announced on April 5, the US imposed a 10% import tax on all countries. Higher rates were applied to certain nations: China at 34%, Japan at 24%, and the European Union at 20%.
Following this move, the crypto market dropped by over 8%, with total market capitalization falling to $2.5 trillion.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.