US Bitcoin Reserve Plan Hits Snag Over Agency Control

The US government's plan to establish a Strategic Bitcoin Reserve has hit a snag due to disagreements between the Commerce and Treasury departments over who should oversee the reserve.

President Donald Trump's March 2025 executive order called for the SBR to be housed within the Treasury Department, but concerns have emerged about whether it has the legal authority to manage the volatile cryptocurrency holdings.

The Commerce Department is now a contender to take control of the reserve, with the Department of Justice working alongside them to determine legally available options.

The Trump administration's push for the SBR is part of its plan to make the US the 'crypto capital of the world', marking a significant shift in the government's approach to digital assets.