U.S. Treasury Deadline for Strategic Bitcoin Reserve Assessment is Today
On May 5, the U.S. Treasury is due to submit an assessment on the Strategic Bitcoin Reserve, as mandated by President Trump's executive order from March 6, 2025. Key points include:
- The reserve will be funded by Bitcoin acquired through legal forfeitures.
- These assets will be held as reserves and not sold, ensuring financial stability.
- A United States Digital Asset Stockpile will also be created for other digital assets obtained similarly.
- The Treasury must develop strategies for managing these assets responsibly without additional taxpayer costs.
- Secretary Bessent's report will cover legal, investment considerations, and necessary legislative requirements.
- The report's findings may impact the U.S. government's approach to Bitcoin and its role in the global digital asset landscape.