On April 2, K33 research director Vetle Lunde and senior analyst David Zimmerman said that progress in the U.S. Bitcoin reserve program has been overshadowed by tariff news in the market. Under the regulations, federal agencies must submit reports by April 5 to clarify their authority to transfer digital assets to the reserve.

Earlier, President Trump signed an executive order on March 6, requiring the creation of the "U.S. Strategic Bitcoin Reserve" using about 200,000 BTC (worth $17 billion) confiscated by the federal government through criminal or civil procedures, with the deduction of the portion to be returned to the victims of the crime. In addition, Trump asked Treasury Secretary Scott Becent and Commerce Secretary Howard Rutnik to develop a budget-neutral Bitcoin increase strategy, provided that it does not increase the burden on U.S. taxpayers.

However, details about the budget-neutral acquisition strategy are expected to be disclosed as early as 60 days after the executive order is signed (about May 5), when Becente will submit a reserve legal and investment assessment report. And an encrypted summit may be held again in mid-to-early May, rekindling market enthusiasm as tariff news gradually fades.