The proposal to create a US Strategic Bitcoin Reserve has hit a bureaucratic wall. The Treasury Department and Commerce Department are at odds over who gets to oversee the program, and that disagreement is slowing progress, according to reporting from NewsData.io.
The clash reflects a broader gap between agencies on blockchain policy. Treasury typically handles financial assets and monetary matters. Commerce has historically led tech-sector initiatives and innovation policy. Neither has ceded ground, leaving the reserve plan in limbo while the two departments sort out jurisdiction.
No timeline has been announced for resolution. The newsroom has not seen statements from either agency clarifying how the impasse might be broken or whether White House intervention is expected to force a decision.
Bitcoin (BTC) was trading near $63,864 at publication, holding its position as the top-ranked asset by market cap.