President Donald Trump's administration is moving forward with its plans to establish a federal crypto strategic reserve. The first step in this process is conducting an audit of the existing crypto holdings, including assets seized from criminals. It is estimated that the US government currently holds around $18 billion worth of Bitcoin, although accounting issues have made it difficult to determine the exact amount. The government is also considering whether to acquire additional crypto for the reserve, although this would likely require congressional approval. There is currently no federal entity in place to manage a reserve of this scale. The move has divided opinion, with supporters believing it could bring legitimacy to digital assets, while critics are concerned about the high volatility of crypto and potential security risks. Following Trump's announcement, Bitcoin experienced a 10% surge, highlighting his influence over the market.



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