President Trump’s Strategic Bitcoin Reserve has hit a jurisdictional snag, with the Treasury and Commerce departments vying over who should manage the government’s more than 300,000 BTC.
Key Takeaways
Treasury and Commerce are competing to house Trump’s bitcoin reserve of over 300,000 BTC, worth about $21 billion.The DOJ’s Office of Legal Counsel is reviewing which department can legally manage the crypto trove.Officials are also examining whether the government can hold bitcoin indefinitely given its volatility.White House spokeswoman Liz Huston also highlighted that the administration is still committed to the project, adding:
What the Lawyers Are Untangling
