Key facts
- The White House has not finalized the structure for a federal bitcoin reserve.
- The plan is delayed over 16 months after President Donald Trump's initial order.
- Disputes between the Treasury and Commerce departments over oversight are causing the delay.
- Concerns have been raised about the Treasury's legal authority to manage volatile assets like bitcoin.
The White House's initiative to establish a federal bitcoin reserve has been significantly delayed, with the structure still undetermined over 16 months after President Donald Trump's directive. The rollout is currently stalled due to an ongoing dispute between the Treasury and Commerce departments concerning oversight responsibilities. A key point of contention involves concerns about the Treasury Department's legal authority to manage volatile assets such as bitcoin. This inter-agency disagreement is preventing progress on the proposed reserve.