President Trump's February 2026 directive instructed federal agencies to identify and declassify records on unidentified anomalous phenomena, UAPs, and extraterrestrial matters, leading to the Pentagon's initial public release of never-before-seen files, videos, and documents on May 8. The administration established a rolling disclosure process under the Presidential Unsealing and Reporting System for UAP Encounters, with additional tranches scheduled every few weeks after interagency review. Congressional advocates have welcomed the steps as fulfilling commitments to greater transparency, while the volume of materials under examination spans decades and multiple departments. These developments set the timeline and scope for any further declassifications that could influence trader assessments of completion dates.