Trump reviews legal framework for Bitcoin reserve

• The Trump administration is reviewing legal options for establishing a US Strategic Bitcoin Reserve.
• Officials are assessing whether the Treasury or Commerce Department should oversee the proposed reserve.
• The review aims to create a legally sustainable framework before expanding the government's cryptocurrency strategy.

The administration of Donald Trump is reviewing the legal framework for a proposed US Strategic Bitcoin (CRYPTO:BTC) Reserve, with officials considering which federal agency should oversee the initiative.

The United States Department of Justice, United States Department of the Treasury and United States Department of Commerce are evaluating whether the reserve should operate under the Treasury or Commerce Department if legal limitations prevent Treasury oversight.

White House spokesperson Liz Huston said the administration is continuing to evaluate the most effective structure for both the Strategic Bitcoin Reserve and the broader US Digital Asset Stockpile, while President Trump previously directed officials to develop budget-neutral strategies for acquiring additional Bitcoin.

The legal review is intended to ensure the reserve can operate within existing federal authority while supporting the administration's broader digital asset strategy, and as the US government is not a publicly listed entity there is no share price available.

The US government already controls more than US$20 billion worth of Bitcoin (CRYPTO:BTC) through seized assets, making it one of the world's largest holders of the cryptocurrency.

Officials are also assessing how the government could manage Bitcoin's price volatility as part of any long-term reserve strategy before formally launching the proposed programme.

At the time of reporting, Bitcoin price was $63,460.79.