The US government’s plan to establish a strategic Bitcoin reserve is encountering significant internal resistance, with multiple federal departments moving to assert control over the initiative.
The friction highlights the growing complexity of integrating digital assets into traditional state infrastructure, even as the administration pushes forward with its broader cryptocurrency agenda.
Bitcoin has recently slipped below the critical $60,000 support level, breaking a floor that had held for nearly two years.
Reports indicate that various agencies are seeking to manage the reserve’s operations, creating a bureaucratic bottleneck for a project originally ordered by President Donald Trump last year.
The initiative was a cornerstone of the administration’s pledge to transform the United States into the "world capital of cryptocurrency," but the current inter-departmental struggle suggests that execution may lag behind political rhetoric.
This development unfolds against a backdrop of significant market weakness for the digital asset.
Bitcoin has recently slipped below the critical $60,000 support level, breaking a floor that had held for nearly two years.