CoinJie News reports that the Trump administration’s strategic Bitcoin reserve plan has stalled due to legal and institutional issues. Bloomberg reports that officials are still determining which department can hold and manage the government’s Bitcoin, with the main concern being whether the U.S. Department of the Treasury has the legal authority to control this volatile digital asset as a federal reserve asset. The Department of Commerce has also emerged as a possible location for the reserve. The Office of the Legal Counsel at the Department of Justice is working with the two departments to develop a lawful structure. An executive order signed by Trump in March 2025 requires the Treasury Secretary to create an office to manage the reserve, which will hold Bitcoin confiscated through criminal or civil proceedings. According to Bitcointreasuries data, as of July 7, the U.S. government holds 328,372 Bitcoins, worth approximately $20.7 billion, making it the largest known holder of government-held Bitcoin.