The White House has said that establishing a Bitcoin strategic reserve remains a top priority, though progress has been slow due to interagency legal conflicts. Officials note that the pace is affected by cross-agency legal disagreements involving key agencies such as the Department of Justice (DOJ) and the Office of Legal Counsel (OLC).
Patrick Witt, director of the White House Crypto Council, said on the Crypto in America podcast that progress toward a Bitcoin reserve is underway but faces obstacles from complex legal provisions and interpretations. He added that while the matter may seem straightforward, some agencies cannot proceed while others can, reflecting the nuanced regulatory landscape.
The administration previously signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile, including altcoins. The order directs that the government will not sell Bitcoin it holds and will only include Bitcoin seized via asset forfeiture in the reserve. However, the order does not authorize additional purchases in the open market. Critics argue that the lack of concrete purchase plans undermines the feasibility of a genuine reserve in the near term.
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