TechFlow, April 7 — According to Cointelegraph, today marks the deadline for U.S. federal agencies to submit cryptocurrency holdings reports to Treasury Secretary Scott Bessent as required by executive order.
Per the executive order, the Treasury will establish a "Strategic Bitcoin Reserve" office responsible for managing and maintaining custodial accounts. This reserve will consist of bitcoin acquired by agencies through criminal or civil asset forfeiture proceedings. Government-held bitcoin deposited into the strategic reserve will serve as U.S. reserve assets, may not be sold, and will be used toward achieving government objectives in accordance with applicable laws.
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