President Trump still wants to buy Bitcoin for US reserve, ex-adviser says

President Donald Trump has remained interested in purchasing Bitcoin for the US Strategic Bitcoin Reserve, although legal restrictions and unresolved government custody arrangements have prevented the administration from moving ahead with additional acquisitions. Former White House adviser Patrick Witt says President Trump remains interested in purchasing Bitcoin for the reserve. Witt warned that direct Bitcoin purchases could face legal challenges without clear authority from Congress. Treasury has considered gold revaluation, existing government funds and digital asset conversions to acquire Bitcoin. Government cryptocurrency custody problems remain unresolved, including inconsistent records and concerns over wallet security. Witt warned that divided congressional control could make passing permanent Bitcoin reserve legislation difficult. Former White House crypto adviser Patrick Witt discussed the plans during a What Bitcoin Did interview published on November 9.

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