According to recent insights from COINOTAG on April 2nd, K33 Research’s Director Vetle Lunde and Senior Analyst David Zimmerman underscore that the U.S. Bitcoin Reserve Plan is currently facing scrutiny due to looming tariff news. As mandated, federal agencies are expected to present a report by April 5th that will delineate their jurisdiction concerning the transfer of digital assets to this reserve. Notably, President Trump had previously enacted an executive order on March 6th aimed at establishing the “U.S. Strategic Bitcoin Reserve,” involving approximately 200,000 BTC valued at around $17 billion, confiscated through various legal actions, with provisions for restitution to victims of crime.
Furthermore, Trump has tasked both Treasury Secretary Scott Bennett and Commerce Secretary Howard Luttnick to formulate a budget-neutral strategy for Bitcoin acquisition that will ensure taxpayers are not adversely impacted. Details regarding this acquisition strategy are anticipated to be revealed no sooner than 60 days post-executive order, around May 5th. At that juncture, Bennett will also provide a comprehensive legal and investment evaluation regarding the reserve. Additionally, discussions are underway for a potential cryptocurrency summit in early to mid-May to bolster market sentiment as the attention on tariff implications diminishes.