White House Crypto Council Head: Bitcoin Strategic Reserve Progress Hindered by "Technical Legal Provisions"

Odaily News The head of the White House Crypto Council, Patrick Witt, stated that the United States is still progressing in establishing a strategic Bitcoin reserve, but some "lesser-known 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 the legal and regulatory authority issues involved in the Bitcoin strategic reserve.

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

Previously, in March 2025, Trump signed an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve Pool." However, the order only permits the inclusion of BTC obtained through judicial forfeiture into the reserve and does not authorize the government to purchase Bitcoin through the open market, which has caused dissatisfaction among some members of the Bitcoin community. Cointelegraph notes that despite policy-level controversies, the U.S. government is still exploring potential implementation paths that are compliant and do not increase the fiscal deficit. (Cointelegraph)