White House Pushes to Formalize Bitcoin Reserve Despite Treasury-Commerce Clash

The White House is actively working to formalize a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile on July 7, 2026, shifting from the March 2025 executive order toward a permanent legal framework. Progress remains stalled by a 16-month jurisdictional dispute between the Treasury and Commerce departments over oversight of 328,372 BTC, with the DOJ’s Office of Legal Counsel now mediating. Congress’s BITCOIN Act and ARMA Act have not advanced, leaving the government—the largest known sovereign holder at 1.6% of supply—without a designated manager or new accumulation authority. Bitcoin’s price has fallen to roughly $64,000 from $93,000 since the original order.