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WHITE HOUSE CRYPTO COUNCIL DIRECTOR: OBSCURE AND COMPLEX LEGAL PROVISIONS SLOW U.S. BITCOIN STRATEGIC RESERVE PLANS
According to Cointelegraph, Patrick Witt, Director of the White House #Crypto Council, said progress toward establishing a U.S. #Bitcoin strategic reserve is ongoing but has been slowed by “obscure and complex legal provisions,” creating coordination challenges across government agencies.
He noted that the Department of Justice (#DOJ ) and the Office of Legal Counsel (#OLC ) are currently reviewing the relevant legal and regulatory issues, and that the initiative remains on the administration’s priority list.
#CryptoNews