The US government will conduct a crypto audit before creating a Bitcoin reserve, according to White House Czar David Sacks. The government has seized over 400,000 Bitcoins in criminal and civil proceedings, but a proper audit has never been done to determine the total holdings. The US government currently owns around $17.5 billion in Bitcoin and $400 million worth of other digital assets in known wallets. President Trump's executive order mandates the Treasury and Commerce Departments to acquire Bitcoin for the reserve through forfeited assets. Some crypto analysts are disappointed that the reserve is limited to only seized assets. Despite this, President Trump aims to make the US the global crypto capital. A working group has been formed to develop crypto policies, and key industry figures are scheduled to meet with Trump and other government officials to discuss pro-crypto policies.



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