White House Crypto Council: Bitcoin Reserve Bill Faces Legal Hurdles
A bill concerning a Bitcoin reserve is facing delays due to interagency legal challenges, according to White House Crypto Council Director Patrick Witt. While the bill remains a "priority," Witt indicated that these legal complexities are hindering its progress. The development highlights the regulatory hurdles and legal considerations involved in integrating cryptocurrencies like Bitcoin into governmental frameworks. The specific nature of the bill and the interagency legalities involved were not disclosed in the report.
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