The full text of the strategic Bitcoin reserve executive order is released: managed by the Treasury Department, institutions must report Bitcoin transfer authority within 30 days
According to ChainCatcher news, the full text of the White House executive order states that the Secretary of the Treasury shall establish an office to manage and control a custodial account collectively referred to as the "Strategic Bitcoin Reserve," which will hold all BTC owned by the Treasury. These BTC will ultimately be seized as part of criminal or civil asset forfeiture proceedings, or confiscated to satisfy any civil penalties imposed by any department or agency; within 30 days of the issuance of this order, agencies shall review their authority to transfer any government-held Bitcoin to the Strategic Bitcoin Reserve and submit a report reflecting the results of the review to the Secretary of the Treasury.
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