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Head of the White House Crypto Council: Progress on the Bitcoin's strategic reserve is hampered by "technical legal provisions"
Svmuu News: Patrick Witt, head of the White House Crypto Council, stated that the U.S. is still moving forward with establishing a strategic reserve for Bitcoin, but certain “less well-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 legal and regulatory authority issues related to the strategic reserve at Bitcoin.Witt noted that while the arrangements appear straightforward on the surface, differences in statutory authority among various agencies have complicated the implementation process. These issues are still being coordinated, and the Bitcoin strategic reserve remains a current policy priority.Previously, Donald Trump signed an executive order in March 2025 establishing the “Strategic Bitcoin Reserve” and the “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 on the open market, sparking dissatisfaction among some members of the Bitcoin community.Cointelegraph noted that despite the policy controversy, the U.S. government is still exploring potential implementation pathways that are compliant and do not increase the fiscal deficit. (Cointelegraph)
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