The Trump administration considers releasing report on US government Bitcoin holdings
The Trump administration is thinking about releasing a report from the Treasury Department that would detail the U.S. government’s Bitcoin holdings, as stated by Bo Hines, a senior advisor on digital asset policy.
This possible announcement comes after President Trump’s executive order from March 6. This order created the Strategic Bitcoin Reserve and required federal agencies to inform Treasury Secretary Scott Bessent about their Bitcoin and crypto holdings by April 7.
Hines said that even though these reports don’t have to be made public, the administration might choose to share them. However, it’s still unclear if this will cover other crypto as well.
He highlighted that the administration is working on building infrastructure for a U.S. Bitcoin reserve and wants to buy more Bitcoin without affecting the budget. He also mentioned that the administration plans to complete legislation about the crypto market structure by September.
Hines showed strong determination to finish this legislation, saying, “We’re dedicated to completing the market structure by the end of September.” That’s it.
Senator Cynthia Lummis, who is part of the legislative process, said that a draft bill for the market structure might be ready before Congress goes on its August break. She was hopeful about reviewing the bill in September, pointing out the need for clear rules in the digital asset area.
