Update
Trump Still Interested in Buying Bitcoin for Strategic Reserve
Former White House crypto chief Patrick Witt stated that President Donald Trump remains interested in purchasing Bitcoin for the US Strategic Bitcoin Reserve. Witt noted that direct open-market purchases could be legally questionable due to Congress's control over federal spending. The Strategic Bitcoin Reserve was established by an executive order on March 6, 2025, using Bitcoin seized in legal and criminal cases. Potential workarounds such as revaluing gold stockpiles or trading other seized cryptocurrencies for Bitcoin have not been approved yet. The political climate, with Democrats expected to control both chambers of Congress in 2027, could complicate efforts to establish the reserve permanently.