The post Those who cheered U.S. Bitcoin reserve have spent year watching Trump order languish appeared on BitcoinEthereumNews.com.

President Donald Trump’s move to establish what he called a “Strategic Bitcoin Reserve” within the federal government was greeted with crypto-sector celebration at the start of his administration. The industry cheered it as further cementing the arrival of bitcoin BTC$67,983.76 as a mature asset, but a year has passed, and there’s still no reserve. Trump’s administration performed the initial job of accounting for the government’s crypto holdings, but the U.S. bitcoin reserve is no closer to forming because of the outcome of one concept in the March 6, 2025, order: “the need for any legislation to operationalize any aspect of this order.” Trump’s Treasury Department lacks the needed authorizations for building the specialized accounts. That requires action from Congress, the White House has acknowledged, with Trump’s crypto adviser, Patrick Witt, saying the situation presents “novel legal questions” that must be answered. Lawmakers such as Senator Cynthia Lummis have pitched reserve legislation, and the current best chance for passage, according to people familiar with the legislative strategy, may be to get it into the National Defense Authorization Act at the end of the year. But Trump’s White House would probably have to re-adopt the issue as a priority cause in order to make that happen. Conjecture about the planning and funding of the reserve — and its cousin, a separate digital assets stockpile also ordered by Trump to gather every other type of cryptocurrency — has ebbed and flowed. Last month, CNBC markets talking head Jim Cramer spouted a rumor that Trump’s people were poised to start filling the reserve when BTC hit $60,000, despite the lack of a place to put it or money to buy it with. The president’s crypto officials continue to demur when asked how much bitcoin the feds actually possess, though some estimates put it at…

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Filed under: News - @ March 7, 2026 3:21 pm