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Bitcoin Strategic Reserve Plan Delayed by Treasury-Commerce Dispute

Published by
Nidhi Kolhapur

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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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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