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U.S. government still deciding how to structure its long-term bitcoin reserve after Trump order.

Market News
07 Jul 2026, 00:40 WIB
Coindesk
View Source
Neutral
U.S. government still deciding how to structure its long-term bitcoin reserve after Trump order.

The U.S. government is still working out the best way to establish a federal bitcoin reserve, 16 months after President Trump ordered its creation. The main challenge is deciding which federal department—Treasury or Commerce—should manage the reserve. Congress has yet to pass legislation to support the initiative, and political shifts could delay progress further. Meanwhile, the government holds an estimated $21 billion in bitcoin, intended as a long-term investment rather than for emergency use.

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Shandong and South Korea deepen economic ties with 23 new cooperation projects signed in Yantai.

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