Trump's executive order will require federal agencies to report bitcoin holdings directly to the Treasury Department

According to News.bitcoin, the White House explained Trump's executive order that confiscated bitcoins will no longer be sold and will be stored as part of a new strategic bitcoin reserve managed for the US Treasury, and other digital assets will go into a separate US digital asset reserve, with the goal of strengthening supervision, improving management, and developing a long-term crypto strategy. Federal agencies must now report bitcoin holdings directly to the Treasury Department.