Bitcoin’s U.S. reserve still a work-in-progress as federal agencies hash it out
The White House says it’s still evaluating the “best structure” for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.
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Summary
- President Donald Trump’s White House says the administration is still trying to “evaluate the best structure” for building a bitcoin reserve at the federal level.
- The process has reportedly been complicated by the uncertainty over where to house it — potentially in either Treasury or Commerce departments, according to a Bloomberg report.
- Congress still hasn’t gotten any closer to producing the legislation that White House advisers have said would be needed to back up the final effort.
