Summary: Analysts warn that the market should not overlook the U.S. Bitcoin strategic reserve executive order, believing that significant progress will be announced at the TRUMP meme coin holders dinner convened by Trump.
FX168 Financial News (Asia-Pacific) reported that K33 analysts warned the market not to ignore the U.S. Bitcoin strategic reserve executive order, emphasizing that developments in crypto policy remain a key catalyst for Bitcoin prices.
They believe that President Trump will announce significant policy progress at the TRUMP meme coin holders dinner on May 22. Since taking office, Trump has issued two executive orders related to cryptocurrency.
Despite multiple deadlines having passed, the U.S. government has yet to release any meaningful updates regarding its progress. The market is particularly focused on the U.S. Bitcoin strategic reserve executive order; Trump's initial version did not involve purchasing any new Bitcoins, but rather incorporating Bitcoins seized by the federal government into the reserve, disappointing investors as this does not provide any new liquidity.
However, the executive order may still change, as Trump has asked the U.S. Treasury and Commerce Departments to discuss feasible supporting measures, specifically exploring other viable options for purchasing Bitcoin without using taxpayer funds.
K33 analysts indicated that this situation could change in the next nine days, noting that Trump and Vice President Vance (JD Vance) are expected to appear regarding cryptocurrency-related issues, which could impact the market.
(Source: The Block)
Trump issued the first executive order related to cryptocurrency on January 23, aimed at consolidating the United States' dominance in the digital asset space by forming a working group to evaluate existing regulations and guidance.
The executive order set three deadlines: determine existing guidelines by February 22; recommend which standards to retain by March 24; and submit a final report outlining the subsequent steps for the regulatory framework and standards for U.S. digital asset reserves by July 22.
The second order issued on March 6 mainly involves establishing a U.S. strategic Bitcoin reserve, consisting of approximately 200,000 Bitcoins (valued at $20 billion) currently held by the federal government.
This refers to assets seized due to criminal or civil proceedings, minus the assets that still need to be returned to crime victims. The executive order requires agencies to confirm current cryptocurrency holdings by April 5, and mandates the Treasury Department to assess legal and budget-neutral investment options to purchase more Bitcoins as reserves by May 5.
Both deadlines have passed, but no updates have been publicly released. K33's Head of Research, Vetle Lunde, and Senior Analyst David Zimmerman noted in a report on Tuesday (May 20): 'Policy developments remain an undervalued key catalyst in the cryptocurrency market; do not overlook the executive order.'
They stated that, although there has been little information regarding the executive order so far, the controversial TRUMP meme coin gala held by Trump on May 22, as well as Vance's keynote speech at the Bitcoin 2025 conference on May 28, could provide insights into the relevant situation #BTC挑战11万大关 #币安Alpha推出MERL交易竞赛 $BTC $ETH $BNB .
I need fans, you need references. Guessing is not as good as focusing on @加密凌墨 .
