Former White House Advisor: Trump Still Intends to Boost Bitcoin Holdings for the U.S. Strategic Reserve, But Faces Legal Barriers
17 minutes ago
Former White House crypto advisor Patrick Witt told the podcast *What Bitcoin Did* that President Trump remains interested in purchasing Bitcoin to bolster the U.S. strategic Bitcoin reserve, with related plans having been discussed multiple times before. However, Witt noted that direct government purchases of Bitcoin on the open market face legal uncertainty, as the U.S. Congress holds authority over federal spending. Congress has already included relevant restrictions in the National Defense Authorization Act (NDAA) banning such direct purchases, and the administration is currently seeking the necessary authorization. The U.S. government established the strategic Bitcoin reserve via executive order in March 2025, with initial assets primarily from Bitcoin previously seized by the government; the Treasury Department and Commerce Department have been tasked with exploring budget-neutral ways to acquire more BTC, though no specific plans have been announced nor has an open-market purchase program been revealed. Witt also stated that permanently enshrining the strategic Bitcoin reserve through standalone legislation would face significant challenges given the divided Congress. Without legislative support, the reserve currently relies on executive orders and could be revoked by a future president via a new executive order.
Binance to List NU and FRHC US Stock U-Margined Perpetual Contracts
6 minutes ago
AnomaPay: Security Vulnerability in Proof System Leaves User Funds Temporarily Inaccessible
6 minutes ago
Handles 790 trillion tokens monthly, 76% from AI agents: OpenRouter officially joins Stripe.
6 minutes ago
Fidelity increases its holdings of Strive stocks worth approximately $51 million, bringing its total holdings value to around $265 million.
6 minutes ago
South Korea will hold a capital markets conference to discuss measures to enhance corporate value.
6 minutes ago
In pre-market trading for US stocks, AI concept stocks and crypto-related shares rose broadly, with CRWV jumping more than 16% and NBIS up over 11%.
6 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
NFT project Ptah has launched, with its trading volume exceeding $900,000 in just half a day; its minting mechanism mandates the use of a Binance Agent ID.
2026.10.23 10:16:30
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

