{"id":47275,"date":"2026-07-07T14:04:14","date_gmt":"2026-07-07T14:04:14","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47275"},"modified":"2026-07-07T14:04:14","modified_gmt":"2026-07-07T14:04:14","slug":"u-s-bitcoin-reserve-stalls-as-treasury-and-commerce-vie-for-control-report","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47275","title":{"rendered":"U.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nU.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report<\/a><\/p>\n

<\/div>\n

Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting<\/a> from Bloomberg.<\/em><\/p>\n

Trump signed<\/a> an executive order in March 2025 to create what he called a Strategic Bitcoin Reserve, along with a separate U.S. Digital Asset Stockpile for other cryptocurrencies.\u00a0<\/p>\n

The order directed the Treasury and Commerce departments to develop budget-neutral methods for acquiring bitcoin, ones that would not draw on taxpayer money.\u00a0<\/p>\n

The reserve was to be funded in large part with bitcoin the government already holds through criminal and civil forfeitures.<\/p>\n

Strategic Bitcoin Reserve obstacles<\/h2>\n

According to Bloomberg, the plan has run into two obstacles. Treasury and Commerce are each making a case to run the reserve, and questions have arisen over whether Treasury has the legal authority to manage the holdings.\u00a0<\/p>\n

People familiar with the matter, who were not authorized to speak in public, said housing the reserve inside the Commerce Department is one option under review.<\/p>\n

The Justice Department said its Office of Legal Counsel \u201cis working closely with both the Treasury and Commerce departments to determine legally available options to accomplish the president\u2019s policy.\u201d\u00a0<\/p>\n

A further concern is whether the government can hold bitcoin for an indefinite period, as the order intended, given the currency\u2019s price swings.<\/p>\n

\u201cPresident Trump campaigned on a vision of cementing America as the global capital of cryptocurrency and other cutting-edge technologies,\u201d White House spokesperson Liz Huston said in a statement. \u201cTo deliver on the president\u2019s vision, the Trump administration continues to evaluate the best structure for a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.\u201d<\/p>\n

The administration\u2019s chief crypto adviser, Patrick Witt, said<\/a> in April that he expected a major announcement within weeks. That announcement has not come.<\/p>\n

Officials have said a presidential order alone cannot complete the project. The order does not carry the force of law, and Congress has not passed legislation to authorize the reserve.\u00a0<\/p>\n

Yesterday, while speaking on the newly introduced Trump Accounts, President Trump said<\/a> bitcoin could eventually be added to the accounts, saying \u201csomething could happen\u201d when asked about the asset. Trump also said he\u2019s \u201ca big fan of crypto.\u201d\u00a0<\/p>\n

\n
\n
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BREAKING: \"\ud83c\uddfa\ud83c\uddf8\" President Trump says “a lot of people” are using Bitcoin \"\ud83d\udc40\"<\/p>\n

“I don’t think anybody realizes how powerful (it is)” \"\ud83d\udca5\" pic.twitter.com\/CkVrvHUE3q<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 6, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

New Bitcoin legislation introduced<\/h2>\n

A bill from Sen. Cynthia Lummis, R-Wyo., and Rep. Nick Begich, R-Alaska, would codify<\/a> the order and set a target of acquiring 1 million bitcoin over five years through budget-neutral strategies. No such measure has advanced. If Republicans lose their House majority in this year\u2019s midterm elections, the prospect of passage could dim.<\/p>\n

The government\u2019s bitcoin position ranks among the largest in the world. Estimates put it above 300,000 coins, worth more than $20 billion at current prices, according to Arkham Intelligence. The White House has said<\/a> premature sales of seized bitcoin cost taxpayers about $17 billion over the years, and that a single reserve holding the asset for the long term would give the country a strategic advantage.<\/p>\n

Timing has also worked against the plan as an investment. Bitcoin reached<\/a> a record in October, a rally the administration tied in part to enthusiasm about Trump, then fell close to 50% from that peak. When Trump first called for the reserve, bitcoin traded near $93,000; it now sits above $64,000, a drop of about a third.<\/p>\n

While the structure remains unresolved, Trump has built a personal bitcoin position of more than $50 million, according<\/a> to his recent financial disclosure.\u00a0<\/p>\n

The reserve, described by the administration as strategic, differs from a conventional strategic reserve because it is meant to be held for the long term rather than tapped during market emergencies.<\/p>\n

This post U.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine U.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according […]<\/p>\n","protected":false},"author":1,"featured_media":47276,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-47275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nU.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=47275\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Bitcoin Reserve Stalls as Treasury and Commerce Vie for Control: Report - 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