The Trump administration's plan for a US Strategic Bitcoin Reserve is stalled due to disagreements between the Commerce and Treasury departments over oversight and structure. Concerns about Bitcoin's volatility and Treasury's legal authority have emerged, with Commerce now a contender to manage the reserve.
Treasury Secretary Scott Bessent confirmed the US is moving forward with establishing a strategic Bitcoin reserve as ordered by President Trump. He emphasized a methodical approach to the unprecedented initiative, aiming for durable, best-practice protocols. Senator Cynthia Lummis praised the progress, while Bessent also urged passage of the Digital Asset Market Clarity Act to bolster US leadership in crypto innovation.
US Treasury Secretary Scott Bessent is working with Congress to solidify the nation's strategic bitcoin reserve, established by a presidential decree in March 2025. The goal is to transition the reserve from a political initiative to a lasting institutional commitment through legislation, signaling bitcoin's legitimacy as a long-term reserve asset.
US Treasury Secretary Scott Bessent announced the department is rapidly establishing a strategic Bitcoin reserve and digital asset stockpile, fulfilling a directive from President Trump. The US currently holds over 328,000 BTC, valued at $215 billion. Bessent also expressed support for the CLARITY Act, aiming for Senate passage this summer.
US Treasury Secretary Scott Bessent confirmed the department is actively working to establish a strategic Bitcoin reserve and digital asset stockpile, fulfilling a 2025 executive order from President Trump. The US currently holds over 328,000 BTC.
US lawmakers have introduced the American Reserve Modernization Act (ARMA), a bipartisan bill aiming to establish a strategic Bitcoin reserve of up to 1 million BTC over five years. The bill seeks to strengthen economic competitiveness and digital property rights.
Reps. Nick Begich and Jared Golden introduced the American Reserve Modernization Act to codify a strategic Bitcoin reserve into federal law, managed for at least 20 years. The bill aims to consolidate government-held digital assets and provide transparency.
US lawmakers have introduced the American Reserve Modernization Act (ARMA) to create a strategic Bitcoin reserve and a digital asset stockpile, aiming to solidify the nation's position in the digital asset market and manage seized cryptocurrencies.
The US administration is set to formalize its strategic Bitcoin reserve, following a March 2025 decree. This initiative aims to secure seized Bitcoin, with an estimated 328,000 units currently held, and establish a permanent legislative framework for its management.
Crypto markets face downward pressure amid rising oil prices. Key developments include Fidelity's bullish Q2 report, Gemini's new AI trading tool, and a looming White House announcement regarding a Strategic Bitcoin Reserve.
