{"id":632002,"date":"2026-07-08T10:30:00","date_gmt":"2026-07-08T10:30:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=632002"},"modified":"2026-07-08T10:30:00","modified_gmt":"2026-07-08T10:30:00","slug":"us-bitcoin-reserve-stalls-as-treasury-and-commerce-vie-for-control-report-3","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=632002","title":{"rendered":"US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report"},"content":{"rendered":"

US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report<\/span><\/p>\n

\n

Authored by Micah Zimmerman via BitcoinMagazine.com,<\/em><\/a><\/p>\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, <\/strong><\/em>according to recent\u00a0reporting<\/a>\u00a0from\u00a0Bloomberg.<\/em><\/p>\n

\"\"<\/a><\/p>\n

Trump\u00a0signed<\/a>\u00a0an 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<\/strong><\/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 <\/strong><\/em>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,\u00a0said<\/a>\u00a0in 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\u00a0said<\/a>\u00a0bitcoin 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<\/strong><\/p>\n

\n

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

New Bitcoin legislation introduced<\/h2>\n

A bill from Sen. Cynthia Lummis, R-Wyo., and Rep. Nick Begich, R-Alaska,\u00a0would codify<\/a>\u00a0the 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. <\/strong>Estimates put it above 300,000 coins, worth more than $20 billion at current prices, according to Arkham Intelligence. The White House\u00a0has said<\/a>\u00a0premature 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\u00a0reached<\/a>\u00a0a 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,\u00a0according<\/a>\u00a0to his recent financial disclosure.\u00a0<\/strong><\/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<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 07\/08\/2026 – 06:30<\/span><\/p>","protected":false},"excerpt":{"rendered":"

US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report Authored by Micah Zimmerman via BitcoinMagazine.com, 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… Continue reading US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":631994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-632002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-empowerment","category-national-security","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/632002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=632002"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/632002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/631994"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=632002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=632002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=632002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}