Since taking office, President Donald Trump has issued two executive orders focused on cryptocurrency. Despite multiple deadlines passing, the administration has yet to share any meaningful updates on their progress.
That could change within the next nine days, analysts at K33 say, pointing to upcoming crypto-related appearances by Trump and Vice President J.D. Vance, with potential market implications.
Trump's first crypto-related executive order, issued on January 23, aimed to bolster U.S. dominance in the digital asset sector by forming a working group to assess existing regulations and guidance. The order set three deadlines: identify current guidance by February 22, recommend which standards to retain by March 24, and deliver a final report by July 22 outlining next steps for regulatory frameworks and criteria for a U.S. Digital Asset Stockpile.
A second order, issued March 6, centered on creating a U.S. Strategic Bitcoin Reserve, established from the approximate 200,000 $BTC
(worth $20 billion) already owned by the federal government that was forfeited as part of criminal or civil proceedings, minus those that still need to be returned to victims of crime. It required agencies to identify current crypto holdings by April 5 and tasked the Treasury with evaluating legal and budget-neutral investment considerations to acquire additional bitcoin for the reserve by May 5. Both deadlines have passed without public updates.
"Policy developments remain a key under-appreciated catalyst in the crypto market," K33 Head of Research Vetle Lunde and Senior Analyst David Zimmerman noted in a Tuesday report, adding "don't sleep on the executive orders."
While information on the executive orders has been sparse so far, President Trump's controversial memecoin gala on May 22 and Vice President JD Vance's keynote at Bitcoin 2025 on May 28 could shed some light on the situation, they said.
