White House Cryptocurrency Council Director: Obscure and complex legal provisions hinder the advancement of the U.S. Bitcoin Strategic Reserve

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White House Crypto Council Director Patrick Witt says establishing a U.S. Bitcoin strategic reserve is progressing but slowed by complex legal provisions, with agencies like DOJ and OLC prioritizing discussions on regulatory hurdles.

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BitcoinHalving TokensLayer 1TELECointelegraphBitcoin strategic reserveWhite House Crypto Councillegal provisionscross-agency coordinationregulatory issues

PANews reported on January 18th, citing Cointelegraph, that Patrick Witt, director of the White House Crypto Council, stated that the process of establishing a strategic Bitcoin reserve in the United States is ongoing, but faces challenges in cross-agency coordination due to some "niche and complex legal provisions." Currently, the Department of Justice (DOJ) and the Office of the Legal Counsel (OLC), among other agencies, are discussing relevant legal and regulatory issues, and the matter "remains on the priority list."