On the Constitutional and Operational Incoherence of the Strategic Bitcoin Reserve
I. Introduction On 6 March 2025, the President of the United States signed Executive Order 14233, “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile,” published five days later in the Federal Register. See Exec. Order No. 14233, 90 Fed. Reg. 11789 (Mar. 11, 2025). The Order