Bloomberg says the administration’s effort to create a U.S. Bitcoin stockpile is running into governance and implementation obstacles after an initial plan for Treasury management.
The Trump administration’s plan to establish a Strategic Bitcoin Reserve is facing legal and bureaucratic obstacles, Bloomberg reported. The reserve was originally intended to be managed by the Treasury Department, but the effort is encountering challenges around how such a government-held Bitcoin reserve would be authorized and administered. The development underscores the practical difficulty of turning a crypto policy proposal into a formal state reserve, where questions of legal authority, custody, and interagency oversight can slow implementation.