PANews reported on May 20 that according to The Block, the K33 research team reminded the market to pay attention to the progress of the cryptocurrency executive orders that the Trump administration has signed but has not yet implemented. Although the internal execution nodes set by the two executive orders (completing the government's crypto asset inventory on April 5 and submitting the Bitcoin strategic reserve plan on May 5) have passed the deadline, the policy details have not yet been made public. Analysts believe that Trump's Meme coin event on May 22 and Vice President Vance's Bitcoin conference speech on May 28 may reveal specific implementation plans.

The first executive order proposes to establish a strategic reserve of 200,000 bitcoins (worth $20 billion), of which 94,000 BTC stolen from the Bitfinex exchange in 2016 are expected to be returned. K33 believes that the current 0.15% net asset discount of Bitfinex's debt token LEO is a buying opportunity, as it may use the recovered 75,700 bitcoins to buy back and destroy LEO. Although Bitcoin has been trading light after breaking through $100,000 for the third time, the weakening selling pressure shows that market acceptance has increased.