According to BlockBeats, U.S. President Donald Trump signed an executive order on March 7, aiming to establish a strategic Bitcoin reserve. The order mandates a comprehensive audit of digital assets held by the federal government, which includes approximately 200,000 Bitcoins, valued at around $17 billion at the time of signing.
The directive also requires the Secretary of the Treasury to evaluate the legal and investment considerations for establishing and managing a strategic Bitcoin reserve and a U.S. digital asset reserve within 60 days. This evaluation should cover the accounts where these reserves should be held and whether legislation is necessary to implement any aspects of the order or to ensure proper management and administration of these accounts.
The deadline for completing this evaluation is May 5, marking the 60-day period stipulated by Trump's executive order.
