The Trump administration’s push to establish a US Strategic Bitcoin Reserve (SBR) has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings.
US President Donald Trump’s March 2025 executive order called for the SBR to be housed inside the Treasury Department, while other agencies would assist with asset seizures to build the reserve.
The United States is already one of the world’s largest Bitcoin holders through assets seized in criminal and civil cases. According to blockchain analytics firm Arkham Intelligence, those holdings are worth more than $20 billion at current market prices.
Source: arkm.com
However, concerns have emerged over whether the Treasury has the legal authority to manage the Bitcoin (BTC) holdings, partly because of its volatility, Bloomberg reported.
The Commerce Department has emerged as a contender to oversee the reserve, they said. The Department of Justice is also reportedly working with the departments to determine legally available options, they added.
THE BLOCK: President Trump’s proposal for a strategic bitcoin reserve is encountering roadblocks over which government department will run it, as well as legal hurdles, Bloomberg reports.
Trump issued an executive order at the start of his administration to create a reserve that… pic.twitter.com/NcIU8ccBAx
— The Block (@TheBlockCo) July 6, 2026
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