White House Confirms Trump Administration Is Formalizing Strategic Bitcoin Reserve
The Trump administration is formalizing the operational and legal framework for a Strategic Bitcoin Reserve, the White House confirmed Monday, as the Justice Department’s Office of Legal Counsel works to determine which agency should manage the asset. President Trump issued an executive order in March 2025 directing the Treasury Department to hold the digital currency, but administration officials encountered questions over whether Treasury has the legal authority to manage crypto.
The Justice Department is now evaluating alternative structures, with the Commerce Department emerging as a possible manager alongside Treasury. The US government currently holds 328,372 Bitcoin, worth approximately $25 billion, which were seized from criminal investigations and are not expected to be sold. Separately, the administration's structural review coincides with congressional efforts on the American Reserves Modernization Act, which would direct the Treasury to acquire 1 million Bitcoin over five years.
From the sources (11 posts)
@businessThe Trump administration’s plan to create a Strategic Bitcoin Reserve has been complicated by two government departments vying to run it, alongside questions about which has the legal authority to do so.
@theblockcoTHE BLOCK: President Trump's proposal for a strategic bitcoin reserve is encountering roadblocks over which government department will run it, as well as legal hurdles, Bloomberg reports. Trump issued an executive order at the start of his
@bitcoinmagazineJUST IN: 🇺🇸 White House says “To deliver on the president’s vision, the Trump administration continues to evaluate the best structure for a Strategic Bitcoin Reserve” 👀
@bulltheoryioBREAKING: The White House just confirmed the US Strategic Bitcoin Reserve is being formally structured right now. The US already holds 328,372 Bitcoin worth around $25 billion, making it the largest known government holder of Bitcoin in th
@wublockchainTrump’s Strategic Bitcoin Reserve Plan Faces Legal and Bureaucratic Hurdles According to Bloomberg, the Trump administration’s plan to establish a Strategic Bitcoin Reserve has encountered legal and bureaucratic hurdles. The reserve was or
@techmemeSources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@bitcoinmagazineJUST IN: 🇺🇸 U.S. Justice Department Office of Legal Counsel is "working closely with both the Treasury and Commerce departments" to establish a strategic Bitcoin reserve 🚀
@bulltheoryioBREAKING: Bitcoin reclaims $64,000 after the White House confirms the U.S. strategic Bitcoin reserve, and Trump says he is a "Big Fan of Crypto." $360 million in short positions were liquidated today.
@polymarketmoneyBreaking: Bitcoin reclaimed $64,000 after the White House confirmed the U.S. strategic Bitcoin reserve and Trump said he is a “big fan of crypto.”
@tftc21The Strategic Bitcoin Reserve is real, it's happening, and now the question is who gets to run it. Bloomberg reports that the DOJ's Office of Legal Counsel is "working closely with both the Treasury and Commerce departments to determine le
@cointelegraph🇺🇸 NOW: President Trump's Strategic Bitcoin Reserve plan hits hurdles as Treasury and Commerce depts vie over legal authority to run it, per Bloomberg.