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)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Price Stagnation Signals a Massive Volatility Expansion Above the $71,000 Resistance Level
The cryptocurrency market stands at a crossroads, preparing itself for what will happen next. With the ongoing volatility of the financial landscape, Bitcoin (BTC) has reached a condition of essentially sideways movement, leaving both retail traders and institutional desks held up in anticipation of
BlockChainReporter2h ago
Rocky US economy, private credit stress, war impact Bitcoin’s odds for $75K rally
Key takeaways:
Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining?
Institutional Bitcoin ETF outflows and miner sales test BTC's strength, but the Federal Reserve's options for addressing the federal deficit may also favor scarce
Cointelegraph2h ago
Square Enables Bitcoin Payments in Advance Nationwide
Square announced that it is enabling Bitcoin payment options for merchants across the United States and making it the default feature. With real-time settlement through the Lightning Network, merchants can enjoy a zero-fee promotion through 2027. Even so, it is still subject to local regulations and merchant eligibility reviews.
ChainNewsAbmedia4h ago
Free Bitcoin? Dorsey Brings Back BTC Faucet - U.Today
Jack Dorsey hints at reviving the historic Bitcoin faucet, a site that once gave away free BTC for users to explore the cryptocurrency. This initiative recalls Bitcoin's grassroots beginnings, though details remain limited until launch.
UToday4h ago
Schwab plans spot bitcoin, ether trading launch in first half of 2026
Charles Schwab plans to launch spot cryptocurrency trading in early 2026, starting with bitcoin and ether. The new "Schwab Crypto" accounts aim to integrate crypto into traditional investment platforms, leveraging the firm's vast client base.
CoinDesk5h ago
