Key facts
- The White House is still determining the best structure for a federal Bitcoin reserve.
- The Departments of the Treasury and Commerce are being considered to manage the reserve.
- President Donald Trump ordered the creation of the reserve in March 2025.
- Congressional legislation is deemed necessary for the reserve's formation and activation.
- No legislative progress has been made on the initiative.
The White House has stated that the administration is still working on the optimal structure for a federal Bitcoin reserve, a process that has been ongoing for over a year since President Donald Trump issued an executive order in March 2025. The initiative faces complexities, including discussions between the Treasury and Commerce departments over which agency should house the reserve.
White House officials acknowledge that congressional legislation is required to fully establish and activate the cryptocurrency funds, but no such bills have advanced in either the House of Representatives or the Senate. The administration views the reserve as a long-term investment aimed at cementing America's position as a global leader in cryptocurrency and technology.
President Trump's original order called for the acquisition of more Bitcoin without using taxpayer funds. However, if the administration had begun purchasing the asset at the time of the order, they would have bought at a significantly higher price than current market levels.