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Turf War Erupts Between Treasury and Commerce Over $21 Billion Bitcoin Stockpile
A bureaucratic standoff between two major federal agencies is preventing the launch of the Trump administration’s Strategic Bitcoin Reserve, despite the president signing the directive over a year ago. tweet In March 2025, President Trump issued an executive order designating the Treasury Department as the custodian for the planned reserve. Additional federal agencies were tasked with contributing to its growth through confiscated digital assets. However, progress has ground to a halt. According to a Bloomberg report, the Commerce Department has stepped forward as an alternative candidate to manage the ... (full story)
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From financefeeds.com | 6 hr ago
The U.S. Strategic Bitcoin Reserve is facing implementation delays as the Treasury and Commerce departments work to resolve which agency should oversee key parts of the program, creating a new obstacle for one of Washington’s most closely watched crypto policy initiatives. President Donald Trump signed an executive order in March 2025 establishing the ...
*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL *IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL 
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
From finance.yahoo.com | 20 hr ago
The Trump administration's plan to create a Strategic Bitcoin Reserve has been complicated by two government departments vying to run it, alongside questions about which has the legal authority to do so. President Donald Trump ordered the reserve to be created last year as part of his promise to turn America into the "crypto capital of the world." His plan ...
