Bitcoin US reserve plan still in progress as agencies debate custody

The White House has acknowledged that the process for establishing a long-term US bitcoin reserve is still being worked out, 16 months after President Donald Trump ordered the creation of a strategic bitcoin stockpile. According to a Bloomberg report, the Departments of the Treasury and Commerce are both being considered as potential custodians for the reserve, indicating that inter-agency negotiations are ongoing.

The executive order, signed in March 2025, called for a strategic bitcoin reserve and a separate stockpile of other cryptocurrencies. Since then, federal agencies have been assessing the US government's existing crypto holdings, though they have declined to disclose the exact amount. The delay highlights the complexity of implementing a government-run crypto reserve, involving legal, logistical, and security considerations. For crypto traders, the prolonged timeline suggests that a large-scale government buyer may not enter the market soon, removing a potential bullish catalyst. However, the continued focus on the reserve signals long-term institutional interest, which could support sentiment. Traders can monitor developments on NowPrice's live crypto dashboard for real-time price reactions.

Looking ahead, market participants will watch for any formal announcement regarding the chosen custodian or a timeline for the reserve's establishment. The next key date could be the release of a detailed government report on crypto holdings, which may provide clarity on the scale of potential purchases. Until then, the bitcoin market is likely to remain driven by other factors such as ETF flows and macroeconomic data.