news 
U.S. Agencies Face Monday Deadline to Report Crypto Holdings to Treasury
The U.S. government is moving one step closer to revealing the extent of its involvement in the cryptocurrency market as federal agencies are now required to submit their crypto holdings to the Treasury Secretary by Monday. This development follows a March 6 executive order issued by former President Donald Trump, which mandated the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
According to Eleanor Terrett, a Fox journalist at Crypto in America, a White House official confirmed that all federal agencies must submit their cryptocurrency holdings to Treasury Secretary Scott Bessent by Monday. However, it remains unclear whether these figures will be made publicly available or not.
The report is significant as it could shape the future of crypto strategies in the United States. The government holds approximately 198,012 BTC, valued at around $15 billion, based on tracking by Arkham Intelligence. In addition to Bitcoin, the government also owns other cryptocurrencies such as ETH, WBTC, BNB, and TRX, with altcoin holdings worth an estimated $380 million.
Interestingly, the U.S. government once held nearly 400,000 BTC from previous seizures but sold off nearly 195,000 BTC over time, bringing in roughly $366 million.
It is essential to note that Trump’s executive order mentioned Bitcoin specifically, but also highlighted Ethereum, XRP, Solana, and Cardano as dominant players in the crypto space. His crypto advisors, David Sacks and Bo Hines, later clarified that these mentions were symbolic, reflecting their market capitalization status rather than any preference or strategy.
As the deadline approaches, it is crucial to consider how the upcoming reports could impact the cryptocurrency market. Bitcoin’s price has dropped nearly 17%, falling from above $94,000 to around $77,800 amid rising global uncertainty and economic tension.
Source: https://coinpedia.org/news/u-s-agencies-face-monday-deadline-to-report-crypto-holdings-to-treasury/
