On April 2, Vetle Lunde, Research Director at K33, and Senior Analyst David Zimmerman stated that the progress of the US Bitcoin Reserve Plan has been overshadowed by tariff news. According to regulations, federal agencies must submit a report by April 5, clarifying their authority to transfer digital assets to the reserve.
Previously, President Trump signed an executive order on March 6, requiring the creation of a "US Strategic Bitcoin Reserve" using approximately 200,000 BTC (valued at $17 billion) seized through criminal or civil procedures, with deductions for crime victims. Additionally, Trump requested that Treasury Secretary Scott Besent and Commerce Secretary Howard Rutnik develop a budget-neutral Bitcoin acquisition strategy, on the condition that it does not burden US taxpayers.
However, details about the budget-neutral acquisition strategy are expected to be disclosed no earlier than 60 days after the executive order's signing (around May 5), when Besent will submit a reserve fund legal and investment assessment report. A crypto summit may also be held in mid-to-late May, potentially reigniting market enthusiasm as tariff news loses its heat.