U.S. Eyes Bitcoin Reserve While Schiff Seeks Crypto Reforms

• The US government plans to grow its Bitcoin reserve using non-taxpayer resources.
• Schiff’s COIN Act seeks to stop lawmakers from profiting through crypto asset promotion.
• Bitcoin trades at $107K while leaders debate public holding and personal crypto actions.

A senior White House official confirmed that the U.S. government is actively pursuing a Bitcoin accumulation plan. This move marks a historic shift in federal crypto policy, following an executive order from President Trump dated March 6, 2025. 

The order formally established a Strategic Bitcoin Reserve and Digital Asset Stockpile to be first funded through seized digital assets. There are reports that the government could be quietly building a substantial Bitcoin reserve. This suggests a major step toward integrating cryptocurrency into national strategy and treasury operations.

White House Order Sets Strategic Crypto Framework

The executive order directed federal agencies to consolidate government-held Bitcoin into the U.S. Treasury’s custody. It also instructed the Treasury and Commerce Departments to acquire more Bitcoin through budget-neutral mechanisms. This, in turn, is not expected to increase public debt or rely on direct tax revenues. Further guidance from the Treasury or the White House is expected. 

The directive is presented as an extended diversification plan of the U.S. reserves. It gives control to the institutional systems instead of individual decision-making to handle Bitcoin purchases. It does not directly impose a financial burden on citizens by focusing on seized crypto and non-taxpayer ways.

Senator Schiff’s COIN Act

On June 23, Schiff introduced the COIN Act in the midst of growing public concern over government-linked crypto profits. In a statement posted on X, Schiff said, “Donald Trump and other senior administration officials have made a fortune off of crypto schemes.” The proposed bill aims to ban federal leaders from profiting personally from digital assets.

Additionally, the COIN Act mandates real-time crypto transaction disclosures and enforces criminal penalties for violations.  It is designed to safeguard federal crypto policy from personal conflict of interest. If passed, the bill would restrict any direct official involvement in the promotional or financial aspects of digital assets.

National Strategy Meets Ethical Oversight

While seemingly opposed to each other, one statute operates on a macro level, and the other on the micro level. The  BTC Reserve pursues the institutional purchase of Bitcoin to ultimately strengthen its national reserves. It strives to accomplish this through lawful structures, asset forfeitures, and treasury operations without direct taxpayer exposure. Conversely, the COIN Act focuses on individual conduct and preventing the misuse of public offices for private gains in cryptocurrency. The procurement plan depends solely on the coordination of agencies and not on individual action.

In practice, these efforts create a dual path: one for building a national crypto strategy and another for ensuring accountability. They are not oppositional but instead form a checks-and-balances framework for modern crypto governance. Yet one question remains: Can the Strategic Bitcoin Accumulation Plan proceed while top officials face scrutiny over alleged crypto profiteering?

Related: Texas Becomes The Third US State To Legalize Bitcoin Reserve

Bitcoin Price Sees Moderate Gains

As of press time, 2025, Bitcoin (BTC/USDT) on Binance is trading at $107,963.16 after reaching a high of $108,343.80. The chart on TradingView reveals a confirmed rounded bottom reversal near the $98,166.71 support, indicating bullish momentum. 

Source: Tradingview

The price has moved back above the 50-day SMA and is trading towards the 0 Fibonacci mark, which is at $111,381.29. The 200-day SMA is on a very strong lower support at US$96,099.77. Furthermore, Fib levels indicate the downside targets of $94,572.34 and $90,000.09 in case the reversal does occur. MACD (12,26, close) has an increasing bullish crossover where the MACD line is at 157.33 and the signal line is at 79.02. Histogram bars affirm an increase in momentum as chart formation indicates upside continuation is possible in case the price is not lower than that at 108K.

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