White House Virtual Assets Advisory Chair: "Stockpiling Bitcoin Is a Top Priority"

Son Min

Summary

Patrick Witt, White House virtual assets advisory chair, said the U.S. government's stockpiling of Bitcoin is a top priority.
The three main tasks of the U.S. Virtual Assets Advisory Committee were presented as passing the Senate Digital Asset Market Structure bill, implementing the stablecoin regulatory law, and stockpiling Bitcoin.
Witt said he is studying to resolve the legal issues of stockpiling Bitcoin and is considering additional stockpiling measures.

A White House virtual assets (cryptocurrency) official said that the U.S. government's stockpiling of Bitcoin (BTC) is a top priority.

On the 9th (local time), Patrick Witt, the new White House virtual assets advisory chair, said in an interview with CoinDesk, "The three main tasks of the U.S. Virtual Assets Advisory Committee are passing the Senate Digital Asset Market Structure bill (CLARITY), implementing the stablecoin regulatory law (GENIUS Act), and the federal government's stockpiling of Bitcoin," adding, "Personally, I believe the government's stockpiling of Bitcoin is the top priority."

He continued, "There remain legal issues that need to be resolved regarding stockpiling Bitcoin," and said, "We are currently studying how Bitcoin stockpiling could be defined in law." He added, "We are also considering creative ways to further stockpile Bitcoin."

BTC