Federal Agencies Face Bitcoin Holdings Deadline as Transparency Questions Grows

A significant deadline approaches for federal agencies tasked with reporting their Bitcoin and crypto holdings to Treasury Secretary Scott Bessent.

According to a White House official, since the deadline date fell on a Saturday, the date was extended to Monday, April 7, following standard federal filing practices. This development has sparked curiosity, though a key detail has raised eyebrows: the executive order does not require these findings to be made public, leaving uncertainty about when, or if, the information will be disclosed.

A Push for Strategic Oversight Amid Transparency Concerns

The executive order, titled "Establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile," reflects the Trump administration’s broader goal of positioning the United States as a global leader in cryptocurrency. It aims to centralize the management of digital assets held by the federal government, many of which were acquired through seizures and forfeitures.

Treasury Secretary Scott Bessent, who was confirmed in January 2025 with a Senate vote of 68-29, has been a vocal advocate for crypto friendly policies. His appointment aligns with Trump’s vision, which also involves figures like David Sacks, a key player in the administration’s crypto initiatives. Sacks has previously highlighted the government’s past missteps, noting that premature sales of Bitcoin cost U.S. taxpayers over $16 billion.

The order seeks to prevent such losses by ensuring better oversight, but the lack of mandated public disclosure has drawn scrutiny. Many argue that transparency in federal crypto holdings could legitimize digital assets on a global scale and even influence state-level adoption of Bitcoin as a reserve asset.