US federal agencies are set to reveal their cryptocurrency holdings to the Department of the Treasury by April 7, as per an executive order by President Donald Trump. According to reports, agencies must report their crypto assets to Treasury Secretary Scott Bessent by the deadline, but the information will be kept confidential. The move follows the establishment of a Strategic Bitcoin Reserve and Digital Asset Stockpile, as directed by an executive order signed on March 7. The BTC reserve will be funded with forfeited BTC from civil or criminal seizures, which the US government plans to hold as a store of value. This decision comes after criticism of the government’s previous sale of BTC at a fraction of its potential value. The Treasury will initially provide BTC to seed the reserve, with other agencies assessing their ability to contribute. The Digital Asset Stockpile will be managed by the Treasury to ensure responsible stewardship of government-held crypto assets, including the possibility of asset sales. President Trump has indicated that the reserve will include assets like XRP, Solana, Cardano, Ether, and Bitcoin. Trump’s recent tariff actions caused a significant drop in the overall crypto market capitalization, which declined by over 8% to $2.5 trillion. The move led to global market instability, impacting both traditional and crypto markets. This development highlights the growing intersection between geopolitical actions and digital assets, influencing market trends and investor sentiment.