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International Business Times UK
International Business Times UK
World
Joycelyn Uy

Trump Bitcoin Reserves Spark Internal US Battle as Cryptocurrency Strategy Raises Legal Risks for Treasury Control

White House says the US government is working to "structure" its Strategic Bitcoin Reserve. (Credit: Screenshot From @BitcoinMagazine/X)

President Donald Trump's Strategic Bitcoin Reserve bid has hit internal friction this week, with Treasury and Commerce jockeying over who can legally hold the government's cryptocurrency hoard, according to people familiar with the discussions.

The dispute, which followed Mr Trump's executive order last year, centres on whether the Treasury has statutory authority to administer seized and potentially newly acquired Bitcoin. Senior officials and the Justice Department are now exploring alternatives.

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