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Trump remains interested in buying Bitcoin for US Strategic Reserve but legal and custody issues stall progress.

Market News
11 Nov 2026, 12:32 WIB
Crypto news
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Neutral
Trump remains interested in buying Bitcoin for US Strategic Reserve but legal and custody issues stall progress.

Former White House adviser Patrick Witt revealed that President Trump is still interested in acquiring Bitcoin for the US Strategic Bitcoin Reserve. However, legal uncertainties and unresolved government custody issues have delayed further purchases. The administration has considered various strategies, including revaluing gold holdings and converting digital assets, but lacks clear congressional authority to proceed. Political divisions in Congress and concerns over secure custody of seized cryptocurrencies pose ongoing challenges for making the reserve permanent or expanding it further.

President Trump and Bitcoin interest provide context for cryptocurrency market trends. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 11, 2026 17:21 WIB: Out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include CRV at Rp4.479 with a 1-day change of -4.36% and Pluang order activity of 87% Sell / 13% Buy, AXS at Rp14.201 with a 1-day change of -3.64% and order activity 33% Sell / 67% Buy, and COTI at Rp168 with a 1-day change of -3.41% and order activity 93% Sell / 7% Buy.

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