Treasury and Commerce Are Fighting Over Who Gets to Run America’s Bitcoin Reserve
The post Treasury and Commerce Are Fighting Over Who Gets to Run America’s Bitcoin Reserve appeared on BitcoinEthereumNews.com. More than 16 months after President Donald Trump signed the […] More than 16 months after President Donald Trump signed the executive order creating a U.S. Strategic Bitcoin Reserve, the government still hasn’t decided who is allowed to run it. The Treasury and Commerce departments are now in open competition for control of the reserve, according to a Bloomberg report published Monday and citing people familiar with the internal discussions. At issue isn’t just bureaucratic turf. It’s a live legal question: whether Treasury actually has the statutory authority to hold and manage an asset as volatile as bitcoin on the government’s balance sheet at all. That question wasn’t supposed to still be open. Trump’s Executive Order 14233, signed March 6, 2025, was explicit: the Treasury secretary would establish an office to administer the reserve, capitalized entirely