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US government Bitcoin purchases need congressional approval, warns ex-White House Crypto Council director.

Market News
14 Nov 2026, 15:31 WIB
Tokenpost
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Neutral
US government Bitcoin purchases need congressional approval, warns ex-White House Crypto Council director.

The US government is considering a framework and budget for buying Bitcoin, but former White House Crypto Council executive Patrick Witt stresses that congressional authorization is required. Since Congress controls federal spending, lawmakers must approve any public funds used for Bitcoin purchases. Witt warns that proceeding without clear legal guidance could trigger negative market reactions. Investors are watching for potential congressional hearings or legislation that could impact Bitcoin's price and market sentiment.

US government Bitcoin purchase plans are under scrutiny, with a key legal hurdle noted by former White House Crypto Council executive Patrick Witt. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 14, 2026 19:41 WIB: out of 50 major cryptocurrencies, only 5 rose while 44 fell. Notable movers include ADA at Rp2.969 with a -5.20% change and a typical hold time of 128 days, DOT at Rp14.337 down 5.17%, and EGLD at Rp50.755 down 5.07% with 91% sell order activity on Pluang.

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