Power Struggle in D.C.: Treasury and Commerce Clash Over U.S. Bitcoin Reserve Control
The rollout of the proposed U.S. Strategic Bitcoin Reserve has hit a major roadblock as the Treasury and Commerce departments engage in a high-stakes battle for oversight. This jurisdictional dispute is stalling the ambitious initiative ordered by President Trump, leaving the future management of the nation's digital assets in limbo.
According to reports, the delay has persisted for over a year, highlighting deep-seated bureaucratic friction within the federal government. As these departments vie for control, the outcome will ultimately determine how the United States integrates Bitcoin into its national financial strategy and long-term reserve framework.
A new report from Bloomberg indicates that the U.S. Strategic Bitcoin Reserve is currently stalled due to an internal power struggle. Both the Treasury and Commerce departments are competing for the authority to oversee the proposed reserve, creating a significant administrative bottleneck.
Despite President Trump's directive to establish the reserve, the project has seen no significant progress for over a year. This delay underscores the complexities of integrating Bitcoin into federal policy and the intense competition for control over the emerging digital asset landscape in Washington.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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