Former White House crypto council director Patrick Witt said President Trump is interested in buying bitcoin, but no open-market purchase has been announced. Witt said an NDAA rider bars outright purchases and that buying on the open market is of “questionable legality” because Congress controls federal spending. A March 2025 executive order created a reserve from bitcoin the government had already seized and directed officials to seek budget-neutral ways to acquire more; no such strategy has been made public.
Witt said legislation to make the reserve permanent would be difficult to pass and that, without it, a future president could reverse the executive orders. His remarks followed Nov. 3 midterms in which Democrats won both chambers of Congress.
