Two months after US President Donald J. Trump signed an executive order to establish a strategic Bitcoin Reserve (SBR), the US Treasury Department did not get the most outcome deadline yet, refusing to release – or even recognize – the ordered review of the payment yesterday.
The March 6 Executive Order Directed Treasury Secretary David Bessent to Submit, “within 60 days of the date of this order,… an evaluation of the legal and investment considerations for establishing and managing the strategic bitcoin reserve and the United States Digital Asset Stockpile going forward, including the accounts in the strategic bitcoin Reserve and United States Digital Asset Stockpile should be located and the need for any legislation to operationalize any aspect of this order or the proper management and administration of such accounts.
Like this morning, no such document will appear on the Treasury website, no statement released on the press, and Congress staff at the Senate Banking and House Financial Services Committee prove that no one is transferred to their offices.
The Trump administration is again silent on the Bitcoin Reserve
The silence of yesterday reflects a past over: the command is also required that “within 30 days of the date of this conclusion, each agency will review its authorities to transfer any BTC government it holds to the strategic bitcoin reserve and must submit a report that reflects the result of that review to Treasury Secretary.” The 30-day mark was passed on April 5 without any public disclosure. If inter-agencies audits are completed, combined, or even initiated remains unknown because the order does not force the publication.
Lack of official updates, the only public window in the process came from David Bailey, Chief Executive of BTC Inc. and a long Trump confidential with digital-asset matters. In a Post Died on April 16, Bailey wrote that Bitcoin's audience was “not done, some agencies have requested more time and should be done for almost a week.”
Bailey has since been impulsive expectations that any results of the audit will see sunlight. “I have never said it will be released to the public, I hope to comment,” he said in an April 16 exchange in X. His stance was paying earlier comments in which he suggested that the reserve would work as a “digital fort Knox,” a phrase that the White House Crypto czar David Sacks also used in the preliminary administration.
The question now is whether yesterday's 60-day review will follow the same path to administrative quiet. The executive command does not clearly require a review – or any subsequent treasury recommendation – to be made public.
At the time of the press, the BTC exchanged $ 94,418.
Featured image created using dall.e, chart from tradingview.com
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