Patrick Witt, director of the White House Crypto Council, has highlighted legal complexities as a significant barrier to establishing a U.S. Bitcoin Strategic Reserve. Witt noted that the initiative is hindered by intricate legal provisions that complicate cross-agency coordination. The Department of Justice and the Office of the Legal Counsel are currently engaged in discussions to address these legal and regulatory challenges. Despite these obstacles, the establishment of the reserve remains a priority for the involved agencies.
U.S. Bitcoin Strategic Reserve Faces Legal Hurdles, Says White House Crypto Director
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