Crypto Council: BTC Reserve Is a 'Priority' but Legalities Hinder Process

Patrick Witt, director of the White House Crypto Council, stated that progress is being made toward establishing a US Bitcoin (BTC) strategic reserve, but the process is being hindered by "obscure" legal provisions and interagency discussions involving bodies like the Department of Justice (DOJ) and the Office of Legal Counsel (OLC). The reserve was initially established via a March 2025 executive order by President Donald Trump, which also included a Digital Asset Stockpile. However, the order stipulated that the government could only add to its BTC holdings through seized assets in forfeiture cases, forbidding open market purchases, which drew criticism from the Bitcoin community as being insufficient. Despite this community backlash and a subsequent report lacking detail, Witt confirmed that establishing the reserve remains a priority, even as they navigate complex legal hurdles.

(Source：Cointelegraph)