Trump's executive order will require U.S. federal agencies to report Bitcoin holdings directly to the Treasury Department."
Online reports, News.bitcoin reports that the White House explained Trump's executive order that confiscated bitcoins will no longer be sold and will be stored as part of the new strategic bitcoin reserve managed by the U.S. Treasury Department. Other digital assets will enter a separate U.S. digital asset reserve with the goal of strengthening supervision, improving management and developing a long-term encryption strategy. Now U.S. federal agencies must report Bitcoin holdings directly to the Treasury Department.
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