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Bitcoin Strategic Reserve Plan Delayed by Treasury-Commerce Dispute
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
The Trump administration’s plan to create a U.S. Strategic Bitcoin Reserve has been delayed by disagreements between the Treasury and Commerce departments over which agency should oversee it. The proposed reserve would hold 328,372 Bitcoin, valued at about $25 billion, that the U.S. government acquired through seizures. The delay matters because it postpones implementation of a key digital asset initiative. The Justice Department’s Office of Legal Counsel is working with both agencies as the White House evaluates the final structure for the reserve and a separate Digital Asset Stockpile.
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