Trump Orders Federal Agencies to Report Crypto Holdings by April 7 Deadline

YEREVAN (CoinChapter.com) — Federal agencies must report their crypto holdings to the Department of the Treasury by April 7, as required under the Trump crypto order signed on March 7. The directive mandates that all departments disclose their digital assets to Treasury Secretary Scott Bessent. However, the data will not be shared with the public.

Eleanor Terrett first reported the deadline, citing a White House official. She noted that it remains “unclear as of now if and when the findings could be made public.” The order applies across federal departments, but the reports will remain confidential for now.

The requirement is part of broader changes announced in the Trump crypto reserve plan.

Bitcoin Reserve Will Use Seized Assets

The Trump crypto order also created a Bitcoin Reserve, which will be managed by the Treasury. The reserve will start with Bitcoin (BTC) already seized by the government through civil and criminal cases. This forms part of a new Digital Asset Stockpile, also ordered by the president.

White House crypto and AI official David Sacks called the reserve a “digital Fort Knox for cryptocurrency.” He said that BTC held in the reserve will not be sold, but kept as a store of value.

Sacks also pointed out that the U.S. previously sold 195,000 BTC for $366 million. He noted that the assets could have been worth billions if held longer.

Federal Agencies to Check Legal Authority Over Crypto Transfers

Not all agencies can transfer their crypto holdings immediately. According to the Trump crypto order, each department will first review whether it has the legal authority to move its seized or held BTC to the Bitcoin Reserve.

Treasury will lead the process, beginning with BTC already in its control. Other agencies must check regulations before transferring any crypto.

The Digital Asset Stockpile may include other tokens beyond Bitcoin. It will be managed separately from the reserve. Treasury will decide whether assets in the stockpile can be sold or retained.

On March 2, President Trump listed several cryptocurrencies that will be included in the Trump crypto reserve. These include XRP, Solana (SOL), and Cardano (ADA). Later, he added Ether (ETH) and Bitcoin (BTC) to the list.

The assets are expected to come from existing holdings within federal agencies, mainly obtained through seizures. There is no confirmed amount for each token, and the government has not provided a valuation method yet.

At the time of writing, BTC trades at $78,281, ETH at $1,550, SOL at $106.02, ADA at $0.5732, and XRP at $1.87.

Crypto Market Drops After Trump Tariff Announcement

On April 5, the Trump administration announced new import tariffs that affected several global markets. All countries now face a 10% base tariff, while China faces a 34% rate, Japan 24%, and the European Union 20%.

Shortly after the announcement, the total crypto market capitalization dropped over 8%, declining to $2.5 trillion. The tariff announcement came just two days before the April 7 deadline for federal crypto reporting.

The drop followed the Trump crypto order, but no formal link has been established between the order and the market reaction.

Although the April 7 deadline is confirmed for internal reporting, the Trump crypto order does not require public disclosure of these holdings. Scott Bessent and the Department of the Treasury have not announced any plan to release the data publicly.

Eleanor Terrett’s source did not specify whether the crypto holdings reports would become public or remain internal. So far, no federal agency has published its crypto data or made independent announcements.

The focus remains on compiling the data and preparing for the creation of the Bitcoin Reserve and Digital Asset Stockpile, both key elements of the Trump crypto order.