US Treasury may release federal Bitcoin holdings report, says Bo Hines
Key Takeaways
- The Trump administration is considering releasing a Treasury Department report on US government Bitcoin holdings.
- Work is underway to develop a strategic US Bitcoin reserve following President Trump's executive order.
The Trump administration may release a Treasury Department report detailing US government Bitcoin holdings, said Bo Hines, senior advisor to President Trump on digital asset policy, in a Thursday statement first reported by journalist Eleanor Terrett.
As mandated by President Trump’s March 6 executive order establishing the Strategic Bitcoin Reserve and a Digital Asset Stockpile, federal agencies must report their Bitcoin and crypto holdings to Treasury Secretary Scott Bessent by April 7.
The reports, however, are not required to be released to the public under the directive.
Hines said Thursday that his team may choose to publish them voluntarily, though it remains unclear whether the administration will also consider disclosing holdings tied to other crypto assets.
The White House’s top crypto advisor also reiterated that infrastructure development for a strategic US Bitcoin reserve is in progress, asserting that the administration is keen on the idea of accumulating more Bitcoin in budget-neutral ways.
Furthermore, the Trump administration aims to wrap up crypto market structure legislation by September, according to Hines.
“We’re committed to getting the market structure done by the end of September. Period,” Hines wrote on X on Thursday. He also noted the administration’s commitment during a fireside discussion with Senators Cynthia Lummis and Tim Scott.
Senator Lummis indicated plans to release draft legislation before Congress breaks for the August recess.
“We will have a bill draft for the market structure that we can hopefully put out before the August recess and then mark it up in September,” she said.
The initiative comes as industry stakeholders and lawmakers seek clear guidelines for digital asset markets, exchanges, and stablecoin issuers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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