According to Bloomberg, the Trump administration's plan to establish a strategic Bitcoin reserve is facing adjustments due to regulatory and legal authorization issues. According to informed sources, the original plan was for the US Treasury Department to manage the reserve, but there are doubts within the government about whether the Treasury Department has the legal authority to manage related Bitcoin assets. Therefore, plans to establish it in the US Department of Commerce are being evaluated. The Office of Legal Counsel of the US Department of Justice is collaborating with the Treasury Department and the Department of Commerce to study legal and feasible implementation paths. The White House stated that the government is still evaluating the best architecture for strategic Bitcoin reserves and US digital asset reserves. Trump had previously requested that the Treasury Department and the Commerce Department jointly develop a budget neutral plan to increase their holdings of Bitcoin, with reserve assets primarily derived from confiscated Bitcoin by the federal government and available for further purchase through budget neutral means. https://www. (wublock123.com)/news/trump-administration-bitcoin-reserve-plan-stalled-by-authority-dispute-64098