The United States is making much slower progress than expected in establishing a Bitcoin strategic reserve. Patrick Witt, director of the White House Cryptocurrency Committee, recently revealed that the project is indeed still moving forward but is stuck on some seemingly minor yet actually tricky legal provisions. Interdepartmental coordination has also been less smooth.

Currently, departments such as the Department of Justice and the Office of Legal Counsel are involved, discussing relevant legal frameworks and regulatory issues. In simple terms, it’s about clarifying how Bitcoin can legally establish itself as a national reserve asset. This matter remains on the government’s priority agenda, indicating that the US is taking it seriously.

From the overall pace of progress, it’s clear that the US doesn’t find it easy to complete this step. The intertwined legal details, departmental coordination, and regulatory frameworks require repeated communication among various parties to sort out the issues. However, since it has already been included in the priority list, it shows that this is not a project that will be shelved. There may be new developments in this area in the coming months.