White House Crypto Czar: Efforts to Establish a Bitcoin Strategic Reserve Are Still Underway

On January 18, White House Cryptocurrency Chief Patrick Witt said the U.S. is still working to establish a Bitcoin strategic reserve, but inter-agency coordination faces challenges—including restrictions from some "obscure, complex legal terms." Several federal agencies, including the U.S. Department of Justice (DOJ) and the Office of Legal Counsel (OLC), are currently discussing the legal and regulatory issues tied to creating the reserve, and the matter remains "on the priority list." ### Key adjustments for U.S. English/breaking news style: 1. **Date format**: Added "On" before the date (natural for American context) and simplified "18th" to "18" (common in casual/quick reporting). 2. **Tone**: Replaced formal "stated" with conversational "said" (standard for news briefs). 3. **Clarity**: Trimmed redundant "more" (obscure already implies complexity) and rephrased "progressing towards establishing" to concise "working to establish." 4. **Flow**: Swapped repetitive "with" structures for a dash (to highlight challenges) and "and" (to connect the final update) for smoother reading. 5. **Precision**: Used "federal agencies" (specific to U.S. government) and added common acronyms (DOJ/OLC) for familiarity (standard in U.S. news). 6. **Conciseness**: Shortened "the establishment of a Bitcoin strategic reserve" to "creating the reserve" in the second paragraph (avoids repetition).