Since taking office, President Donald Trump has issued two executive orders focused on cryptocurrency. Despite multiple deadlines passing, the administration has yet to share any meaningful updates on their progress.
That could change within the next nine days, analysts at K33 say, pointing to upcoming crypto-related appearances by Trump and Vice President J.D. Vance, with potential market implications.
Trump’s first crypto-related executive order, issued on January 23, aimed to bolster U.S. dominance in the digital asset sector by forming a working group to assess existing regulations and guidance. The order set three deadlines: identify current guidance by February 22, recommend which standards to retain by March 24, and deliver a final report by July 22 outlining next steps for regulatory frameworks and criteria for a U.S. Digital Asset Stockpile.
A second order, issued March 6, centered on creating a U.S. Strategic Bitcoin Reserve, established from the approximate 200,000 BTC (worth $20 billion) already owned by the federal government that was forfeited as part of criminal or civil proceedings, minus those that still need to be returned to victims of crime. It required agencies to identify current crypto holdings by April 5 and tasked the Treasury with evaluating legal and budget-neutral investment considerations to acquire additional bitcoin for the reserve by May 5. Both deadlines have passed without public updates.
“Policy developments remain a key under-appreciated catalyst in the crypto market,” K33 Head of Research Vetle Lunde and Senior Analyst David Zimmerman noted in a Tuesday report, adding “don’t sleep on the executive orders.”
While information on the executive orders has been sparse so far, President Trump’s controversial memecoin gala on May 22 and Vice President JD Vance’s keynote at Bitcoin 2025 on May 28 could shed some light on the situation, they said.
“We believe the Strategic Bitcoin Reserve remains unappreciated by the market and expect information on this front to enforce robust BTC performance ahead,” Lunde and Zimmerman said.
Key Crypto Specific Dates and Deadlines, Trump Admin. Image: K33.
LEO’s ‘compelling’ Strategic Bitcoin Reserve trade
The K33 analysts see Bitfinex’s LEO token as one of the more “compelling” Strategic Bitcoin Reserve trades. They expect 94,636 BTC to be returned to Bitfinex from the U.S. government’s seized bitcoin — connected to the crypto exchange’s 2016 hack — and 75,700 of those coins to be used to buy and burn LEO.
LEO, the debt token the exchange issued following the hack to help make up for customer losses, currently trades at a slight 0.15% discount to the net asset value for the first time since March 2024 after seeing premiums collapse from 40% in the past month. The K33 analysts see this as a buying opportunity, with the strong odds of Bitfinex’s asset recovery positioning LEO for potential outperformance versus BTC.
Meanwhile, the analysts noted that bitcoin’s third move above $100,000 has been met with muted trading activity, as traders stay cautious and risk-averse. However, the calm price action at this level suggests growing market acceptance, they argued, with noticeably less sell pressure than in previous breaks, signalling a bullish outlook.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
