President Trump’s Bitcoin Reserve Plan Stalls as Agencies Debate Control
Officials are weighing a custodian for more than 300,000 Bitcoin as lawyers question whether Treasury can hold seized crypto long term.
- President Donald Trump's Strategic Bitcoin Reserve bid faces friction this week as Treasury and Commerce dispute which agency has legal authority to manage the government's cryptocurrency hoard.
- Following an executive order last year, the initiative aims to treat Bitcoin like gold or the Strategic Petroleum Reserve, utilizing cryptocurrency seized through federal forfeiture and potential future purchases.
- Lawyers flagged uncertainty regarding Treasury's statutory authority to hold seized cryptocurrency long-term, prompting officials to suggest Commerce as an alternative custodian while the Justice Department's Legal Counsel maps options.
- Managing the hoard, currently over 300,000 Bitcoin, without a clear legal framework exposes taxpayers to market risks while potentially complicating restitution processes for prosecutors and crime victims.
- White House spokesperson Liz Huston said the administration is 'evaluating the best structure for a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile' while seeking budget-neutral acquisition methods.
25 Articles
25 Articles
President Trump's Bitcoin (BTC) Reserve Plan Encounters Interagency Hurdles
President Trump’s plan for a Strategic Bitcoin (BTC) Reserve has encountered complications from competing government departments. Two agencies are vying to oversee the initiative, raising questions about legal authority, reports Bloomberg. The reserve was ordered last year to position the US as the crypto capital of the world. It was intended to be housed in […] The post President Trump’s Bitcoin (BTC) Reserve Plan Encounters Interagency Hurdles…
U.S. Bitcoin Reserve Faces Hurdles as Treasury and Commerce Departments Both Seek Control
The Trump administration’s plan for a Strategic Bitcoin Reserve has hit an internal roadblock, as two federal departments angle to run it amid unresolved questions about who has the legal authority to do so, Bloomberg reported Monday. President Donald Trump ordered the reserve created in a March 2025 executive order that envisioned housing it inside the Treasury Department, capitalized by bitcoin from criminal and civil asset forfeitures across …
Trump Bitcoin Reserves Spark Internal US Battle as Cryptocurrency Strategy Raises Legal Risks for Treasury Control
President Donald Trump's Strategic Bitcoin Reserve bid has hit internal friction this week, with Treasury and Commerce jockeying over who can legally hold the government's cryptocurrency hoard, according to people familiar with the discussions. The dispute, which followed Mr Trump's executive order last year, centres on whether the Treasury has statutory authority to administer seized and potentially newly acquired Bitcoin. Senior officials and …
The Trump government's plan to create a Bitcoin Strategic Reserve was hampered by a dispute between two government departments that want to manage the structure, as well as doubts about which of them would have legal authority to do so. President Donald Trump determined the creation of the Reserve last year as part of his promise to turn the United States into the world's cryptic capital. The initial idea was that the Reserve would remain under …
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