Power Struggle in D.C.: Treasury and Commerce Battle for Control of U.S. Bitcoin Reserve
A high-stakes institutional battle is unfolding in Washington. The U.S. Treasury and the Department of Commerce are locked in a direct competition to determine which agency will hold authority over the newly established Strategic Bitcoin Reserve.
This jurisdictional tug-of-war comes more than 16 months after President Donald Trump signed the executive order, highlighting the massive logistical and political hurdles of managing a national digital asset stockpile. The outcome of this fight will define how the U.S. government governs its Bitcoin holdings and interacts with the broader crypto market.
More than 16 months after President Donald Trump signed the executive order creating a U.S. Strategic Bitcoin Reserve, the government has yet to decide who is authorized to run it. According to a Bloomberg report published Monday, citing people familiar with the matter, the Treasury and Commerce departments are now in open competition for control of the reserve. The standoff underscores the ongoing struggle to define the regulatory and operational framework for America's digital gold.
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