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Trump Bitcoin Reserve Faces Hurdles as Departments Seek Control

Trump Bitcoin Reserve Faces Hurdles as Departments Seek Control
Bloomberg Markets Monday 06 July 2026, 18:30 UTC By Olga Kharif, Jeff Mason, Jimmy Jenkins 1 min read
Key Points

Cryptocurrencies Trump Bitcoin Reserve Faces Hurdles as Departments Seek Control The 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. President Donald Trump ordered the reserve to be created last year as part of his promise to turn America into the “crypto capital of the world.”

Cryptocurrencies Trump Bitcoin Reserve Faces Hurdles as Departments Seek Control The 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. President Donald Trump ordered the reserve to be created last year as part of his promise to turn America into the “crypto capital of the world.” His plan intended to have it housed inside the US Treasury Department, with the Bitcoin coming from asset seizures conducted by different parts of the federal government, along with possible new purchases.
Trump Bitcoin Reserve Faces Hurdles (ORG) Trump (ORG) Strategic Bitcoin Reserve (ORG) Donald Trump (PERSON) America (LOCATION) the US Treasury Department (ORG) Bitcoin (ORG)
Originally published by Bloomberg Markets Read original →

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