White House · U.S. Treasury · Bitcoin · Federal Reserve (FED) · Donald Trump · 99Bitcoins
The Trump administration's proposed Strategic Bitcoin Reserve has run into legal and bureaucratic hurdles
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Officials are questioning whether the U.S. Treasury has the authority to hold and manage government… pic.twitter.com/gsiJrMCxO3., BSCN July 7, 2026.
Key facts
- The second, the American Reserve Modernization Act (ARMA), reintroduced May 21, 2026, by Representatives Nick Begich (R-AK) and Jared Golden (D-ME), is significantly more aggressive
- Senator Cynthia Lummis has proposed funding such purchases by revaluing Fed gold certificates and redirecting approximately $6 billion in Fed remittances between 2025 and 2029, a mechanism Treasury
- $BTC got rejected from the $64,500-$65,000 resistance zone — It would lock all federal Bitcoin for 20 years, authorize purchases of up to 200,000 BTC per year for five years targeting a one-million-BTC ceiling, and require the Treasury to build a secure
Summary
In Bitcoin news today, the Bitcoin Strategic Reserve has not been canceled, but it has hit a wall. The fault line is straightforward: Trump’s March 6, 2025 executive order formally established the Strategic Bitcoin Reserve and a separate Digital Asset Stockpile, directing Treasury to administer custodial accounts for all finally forfeited government Bitcoin. The Trump administration's proposed Strategic Bitcoin Reserve has run into legal and bureaucratic hurdles, . Officials are questioning whether the U.S.