The U.S. government's Strategic Bitcoin Reserve plan for 2025 is being criticized as a policy retreat after it repurposed 200,000 seized Bitcoins without making new purchases. This move has disappointed market expectations, as analysts predict the reserve will only reach 28% of its target by late 2026. The plan's future is further clouded by the decision of key supporter Senator Cynthia Lummis not to seek re-election.