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🇺🇸 The White House confirms that the buildout of a strategic Bitcoin reserve is still in progress, but this process faces many legal and authority-related obstacles.
At present, federal agencies are still debating which agency should manage the fund—most likely the Treasury or the Department of Commerce. Meanwhile, the fund’s formal establishment and operations require Congress to pass legislation.
Although the legal framework is not yet complete, the U.S. is currently still the world’s largest Bitcoin holder.$BTC
#GTBurns2.57MInQ2