The Biden administration is still determining the "optimal framework" for a federal fund dedicated to holding bitcoin as a long-term reserve alongside other cryptocurrencies.
By Jesse Hamilton|Edited by Nikhilesh De Jul 6, 2026, 9:40 p.m. 3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on The Biden administration is still deciding on the structure for a bitcoin reserve. (Jesse Hamilton/CoinDesk)SummaryShow- The Biden administration is still assessing the "optimal framework" for establishing a federal bitcoin reserve.
- Reports indicate that the decision-making has been complicated by uncertainty regarding whether to manage the reserve through the Treasury or Commerce departments.
- Legislation necessary to support the reserve has not yet emerged from Congress, despite ongoing discussions.
The Biden administration has admitted that the establishment of a long-term bitcoin reserve BTC$64,345.87 is still in progress, nearly 16 months after the directive was issued by President Donald Trump to create the reserve. A Bloomberg report has pointed out that both the Treasury and Commerce departments are being evaluated as potential overseers of the reserve.
In March 2025, Trump signed an executive order to initiate the creation of what he termed a strategic reserve for bitcoin, along with a separate cache of other cryptocurrencies. Since then, federal agencies have been reviewing the existing cryptocurrency holdings of the U.S. (the exact amount has not been disclosed) and strategizing on how to build the necessary funds. However, Bloomberg has reported that the situation has become more complex, with both departments vying for control over the reserve.