The White House is exploring obtaining Bitcoin through existing federal government funding inflows to expand the US strategic Bitcoin reserve. Patrick Witt, Executive Director of the Presidential Advisory Council on Digital Assets, told Lark Davis that open market purchases of Bitcoin require congressional authorization, and the government is studying ways to receive or convert existing federal funds into Bitcoin. The plan aims to follow President Trump's executive order to expand the US strategic Bitcoin reserves without increasing taxpayer spending.

CZ suggests that future hardware wallets should adopt a transparent shell design to allow users to identify whether they have been tampered with.

On October 12th, the Russian Central Bank included Sberbank in the register of institutions authorized to trade digital currencies, allowing it to buy and sell cryptocurrencies. Sberbank plans to launch the first batch of cryptocurrency products on Sberbank Online, SberInvestments, and SberBusiness starting from December 1st, supporting USDT issued by Bitcoin, Ethereum, and Tether. Retail investors can trade up to 300000 rubles per year and must pass a knowledge test. Using cryptocurrency to pay for goods within Russia is still illegal.

Patrick Witt, Executive Director of the White House Cryptography Committee, has stepped down after his term expires, and the White House thanks Patrick Witt for his contributions to the Trump administration.

Sberbank, the largest bank in Russia, has obtained a Bitcoin trading license.