The White House's initiative to establish a Bitcoin reserve, announced by President Trump in March 2025, is encountering significant delays due to complex legal frameworks. These obstacles are hindering the progress of various cryptocurrency policies within the United States.
These legal challenges are stalling strategic cryptocurrency initiatives, which in turn impacts market regulation and the ability to collaborate effectively with key industry players such as Coinbase. The situation also affects broader financial market dynamics.
White House Faces Crypto Reserve Legal Roadblocks
White House efforts to establish a Crypto Capital were formally announced on March 3, 2025. However, significant delays have emerged due to existing laws that are blocking the formation of the Strategic Bitcoin Reserve and Digital Asset Stockpile.
David Sacks, who is leading the cryptocurrency initiative, has confronted considerable challenges in the acquisition of necessary assets. President Trump's original plan for the reserve included holding Bitcoin and other cryptocurrencies with the aim of bolstering U.S. financial sovereignty.
"The reserve will consist of BTC, ETH, SOL, ADA, and XRP to solidify our position in the crypto landscape." - President Donald Trump
Crypto Exchanges Clash Over U.S. Regulatory Issues
The stalled legislation has unfortunately caused palpable tensions between major crypto exchanges and U.S. regulators. Coinbase CEO Brian Armstrong has voiced strong opposition to the current draft of the market regulation, citing potentially harmful consequences for the broader crypto markets.
"After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written." - Brian Armstrong, CEO of Coinbase
Expectations for the broadened implementation of crypto regulations remain uncertain. The stagnation of the Digital Asset Market Clarity Act could lead to further delays in the implementation of stablecoin reserves, as outlined under the 2025 GENIUS Act.
U.S. BITCOIN Act Stalls Amid Legislative Challenges
The history of crypto-related legislation in the U.S. indicates a pattern of repeated setbacks. The inability of the BITCOIN Act to advance in July 2024 serves as a clear example of the ongoing legal hurdles that crypto legislation faces in the United States.
Experts from Cryptodailyalert suggest that the execution of the reserve's plans could significantly shift crypto market dynamics. A comprehensive understanding of the potential regulatory impacts is considered vital for the future formulation of effective policy.