Trump Administration's Bitcoin Strategic Reserve Faces Hurdles Amidst Interagency Power Struggle and Legal Issues, Reports Say

Bloomberg reported on the 7th that the plan to establish a Bitcoin Strategic Reserve, pushed by the Trump administration, is currently stalled due to a power struggle between the Treasury and Commerce Departments, as well as legal issues. President Trump, at the outset of his administration, issued an executive order directing federal agencies to consolidate seized cryptocurrencies and consider new purchases for a Bitcoin Strategic Reserve within the Treasury. However, doubts remain about the Treasury's legal authority to manage Bitcoin...