'Obscure' laws stall Bitcoin reserve: White House Crypto Council director
The bill is still a "priority," White House Crypto Council Director Patrick Witt said, but interagency legalities remain a challenge....
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The bill is still a "priority," White House Crypto Council Director Patrick Witt said, but interagency legalities remain a challenge....
Selling the Bitcoin would have violated President Donald Trump’s Executive Order 14233, which mandates that any Bitcoin obtained through criminal or civil forfeiture “shall not be sold.”...
It comes as divisions deepen within the crypto industry over whether to accept imperfect legislation now or risk tougher rules later....
Advocates for the incarcerated Samourai Wallet developers have argued that the DOJ liquidated the Bitcoin funds against the president’s wishes....
Coinbase withdrew support for the CLARITY Act, warning the draft would restrict DeFi, ban tokenized equities and eliminate stablecoin rewards....
The endorsement comes as tensions brew between the White House and Coinbase over whether the bill should be passed in its current form....
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks to members of the media on Capitol Hill in Washington, DC, US, on Thursday, Jan. 15, 2026. | Aaron Schwartz/Bloomberg via Getty...