Trump's executive order "Bitcoin Strategic Reserves" will usher in a key node on May 5

币圈吹哨人

加密之眼

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On April 30, on March 7 this year, Trump signed an executive order aimed at promoting the establishment of strategic Bitcoin reserves. The executive order requires a comprehensive review of digital assets held by the federal government, including about 200,000 bitcoins (a market capitalization of approximately $17 billion at the time of signing).

The order also requires the Secretary of the Treasury to evaluate within 60 days “the legal and investment considerations for establishing and managing strategic Bitcoin reserves and U.S. digital asset reserves, including the accounts in which the strategic Bitcoin reserves and U.S. digital asset reserves should be kept, and whether legislation is required to implement any aspect of this order or to properly manage and administer those accounts.”

May 5 is the 60-day time node for Trump’s executive order to complete the above work.

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