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Crypto Regulation

Ex-White House adviser: Trump still wants BTC buys for strategic reserve, but legal hurdles remain

Former White House crypto adviser Patrick Witt said President Donald Trump still intends to buy bitcoin for the U.S. Strategic Bitcoin Reserve, but open-market purchases face legal problems. Witt said direct purchases are of “questionable legality” because Congress controls federal spending, and Congress has added a provision to the National Defense Authorization Act barring such buys. The reserve was established by executive order in March 2025, seeded mainly with forfeited bitcoin.

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AI take

The gap between executive intent and congressional control is the real story here: a reserve built on forfeited assets can expand without new appropriations, but open-market buying collides with the legislature's spending power. That distinction matters for anyone tracking how the U.S. actually accumulates bitcoin, since the NDAA provision shows Congress is willing to fence off the purchase route rather than debate it head-on. Whether the administration pursues alternative acquisition channels, or whether the restriction survives the defense bill process, is the open question.

Generated by AI for reference only.

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