A dispute between the Treasury and Commerce departments over who should oversee the proposed U.S. Strategic Bitcoin Reserve has delayed its rollout more than a year after President Trump ordered its creation, according to a Bloomberg report.
Treasury Secretary Scott Bessent told the Senate Finance Committee that the Trump administration is moving forward with a Strategic Bitcoin Reserve and urged Congress to pass the BITCOIN Act and Clarity Act to solidify and expand the effort.
The White House is nearing a formal announcement on a U.S. Strategic Bitcoin Reserve, with Patrick Witt saying the administration has already cleared a key legal hurdle.
Senators Bill Cassidy and Cynthia Lummis introduced the “Mined in America Act” to reshore U.S. bitcoin mining, reduce reliance on Chinese hardware, and codify a Strategic Bitcoin Reserve into law.
House Bill 2080, introduced by Missouri Rep. Ben Keathley, would create a state 'Bitcoin Strategic Reserve Fund' that would allow the treasurer to acquire and manage bitcoin under set guidelines.
Brazilian lawmakers have reintroduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to acquire one million Bitcoin over five years.
As Treasury Secretary Scott Bessent testified before the House Financial Services Committee Wednesday morning, Rep. Brad Sherman pressed Bessent over whether the U.S. government...
