Trump executive order will require US federal agencies to report Bitcoin holdings directly to the Treasury Department

According to News.bitcoin, the White House has explained Trump's executive order that confiscated bitcoins will no longer be sold and will be stored as part of a new strategic bitcoin reserve managed by the US Treasury Department. Other digital assets will be placed in a separate US digital asset reserve, with the goal of strengthening supervision, improving management, and developing long-term encryption strategies. Now, US federal agencies must report bitcoin holdings directly to the Treasury Department.