Despite initial enthusiasm from President Donald Trump to establish a U.S. Bitcoin reserve, progress appears slow. Trump's administration has cleared early administrative hurdles but faces significant legislative challenges. Those involved in the efforts suggest that future congressional action will likely be necessary for the reserves' legal foundations. Trump’s directive called for two crypto reserves: one for Bitcoin and another for other digital assets. Meanwhile, state lawmakers are progressing ahead with their own crypto initiatives. There's been recognition that vital priorities in crypto legislation, including regulation of markets and stablecoins, must be addressed first. Advocates like Senator Cynthia Lummis and Representative Nick Begich emphasize that Bitcoin should be embraced as a significant asset class and hope to transition focus toward the BITCOIN Act once immediate legislative challenges are resolved. Current estimates suggest the government might possess around 200,000 Bitcoin, yet tangible plans or funding mechanisms remain unestablished, making the timeline for a federal Bitcoin reserve uncertain.

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