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#BitcoinReserveDeadline Today, May 5, 2025, marks a significant milestone for the U.S. government's cryptocurrency policy: the deadline for the U.S. Treasury to submit its comprehensive report on the establishment and management of the Strategic Bitcoin Reserve (SBR). This initiative stems from President Donald Trump's executive order signed on March 6, 2025, which mandates the creation of a national reserve funded by Bitcoin assets seized through legal proceedings . What Is the Strategic Bitcoin Reserve? The Strategic Bitcoin Reserve is envisioned as a permanent national asset, initially capitalized with approximately 198,000 BTC—making the U.S. the largest known state holder of Bitcoin . The reserve is designed to be budget-neutral, meaning it will not rely on taxpayer funds. Instead, it will utilize Bitcoin assets already in the government's possession, primarily those confiscated through legal actions. The executive order also prohibits the sale of these Bitcoins, aiming to position the U.S. as a long-term holder and leader in digital asset strategy . Today's Deadline: What's Expected? By the end of today, Treasury Secretary Scott Bessent is required to deliver a detailed assessment outlining the legal, financial, and operational frameworks for the SBR. This includes strategies for managing the reserve, potential legislative proposals, and coordination with other federal agencies to transfer any Bitcoin holdings into the reserve . Additionally, all federal agencies were mandated to provide a full accounting of any digital assets in their possession within 30 days of the executive order. This comprehensive inventory is crucial for consolidating assets into the SBR and ensuring transparency and accountability . Market Reaction and Broader Implications Despite the ambitious nature of the SBR, initial market reactions have been muted. Bitcoin's price remained relatively stable in April, fluctuating between $77,000 and $87,000, before rebounding to $95,600 . Analysts suggest that while the immediate impact on Bitcoin's

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