Establishing a Strategic Bitcoin Reserve is the goal of Trump's executive order.
On March 7, U.S. President Donald Trump issued an executive order with the goal of creating a strategic Bitcoin reserve, according to BlockBeats. The decree, which was worth around $17 billion when it was signed, requires a thorough audit of all digital assets owned by the federal government, including about 200,000 Bitcoins. Within 60 days, the Secretary of the Treasury must also assess the investment and legal implications of creating and overseeing a strategic reserve of Bitcoin and a U.S. digital asset reserve.The accounts where these reserves should be stored and whether legislation is required to carry out any of the order's provisions or to guarantee the appropriate management and administration of these accounts should be covered in this examination. This evaluation must be finished by May 5, which is the 60-day window that Trump's executive order specifies.