White House Cryptocurrency Committee Head: Bitcoin Strategic Reserves Progress Limited by "Technical Legal Provisions"

Odaily Planet Daily News: Patrick Witt, head of the White House Cryptocurrency Committee, stated that the United States is still advancing in establishing a Bitcoin strategic reserve, but some “less common legal provisions” are slowing down the process. Currently, multiple government agencies, including the Department of Justice (DOJ) and the Office of Legal Counsel (OLC), are discussing legal and regulatory authority issues related to the Bitcoin strategic reserve.

Witt pointed out that on the surface, the arrangements seem straightforward, but at the implementation level, differences in legal authority among various agencies complicate the process. These issues are still being coordinated, and the Bitcoin strategic reserve remains a priority in current policy agendas.

Previously, Trump signed an executive order in March 2025 to establish a “Strategic Bitcoin Reserve” and a “Digital Asset Reserve Pool,” but the order only allows BTC seized through judicial proceedings to be included in the reserve and does not authorize the government to purchase Bitcoin on the open market, which has upset some members of the Bitcoin community. Cointelegraph noted that despite policy disputes, the U.S. government is still exploring compliant implementation paths that do not increase the fiscal deficit. (Cointelegraph)