Scott Melker discusses a former White House adviser who says President Trump remains interested in buying bitcoin (BTC-USD) for a U.S. strategic reserve, but legal and custody hurdles have stalled progress.
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And it has been reported by uh X White House advisor Patrick Witt that Trump remains interested in buying Bitcoin for US strategic reserve, but legal and custody issues stall pro progress. So what happened here?
Uh, Tom Emmer, who House Republican became the minority whip, which is the number two position for House Republican leadership. He is a huge advocate of the strategic Bitcoin Reserve and of the crypto industry in general.
And Patrick Witt just bringing up the fact that we would still love to add more Bitcoin for the strategic Bitcoin reserve, but sort of poking uh fun saying, we would love to do it, but we have legal and custody issues and we need a way to do it in a budget neutral manner from Congress. So, kind of uh just uh
telling Congress get their act together because Trump does in fact want the strategic Bitcoin reserve. This is only interesting because we haven't heard about it in quite a while and now it is at least back on the menu. There's nothing being announced here as far as plans for the United States government to actually buy Bitcoin.
I don't really understand why the United States government would actually buy Bitcoin, certainly not with money that's being printed, especially when the United States government can just go all around the world, prosecute criminals that have nothing to do with the United States and take their Bitcoin.
That's how our strategic Bitcoin reserve has been built so far.
You just uh, you take them. Those are ours now.
Right? Uh, but still uh good to know that a strategic Bitcoin reserve is theoretically still in the plans for the United States government.
