U.S Government plans to audit Bitcoin Stash
The US Department of the Treasury and some other federal departments are likely to report their possession of Bitcoin and other crypto assets on April 5, following a recent order by President Trump.
Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
Federal organizations are obligated to account for Bitcoin holdings and other crypto assets to the Treasury Secretary within one month of the order as per the presidential decree that came into effect on March 11, 2025.
The Treasury Secretary is also instructed to open two new positions for Bitcoin management. The Strategic Bitcoin Reserve is designed to receive Bitcoin through criminal or civil forfeiture rather than trade Bitcoin and will serve as a “digital Fort Knox” to store value.
Meanwhile, BlackRock CEO Larry Fink said America could lose its global reserve currency status to Bitcoin if issues related to managing debts aren’t fixed.
“If the US doesn’t get its debt under control, if the deficits keep ballooning, America risks losing that position to digital assets like Bitcoin,” said Fink in his annual letter to investors.
Moody’s has publicly scheduled a meeting that lowers the outlook on national American debt to negative following Trump’s unexpected introduction of tariffs and new tax cuts without funds to back them
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