It was announced in 2016 during the Obama administration, but he was on his way out during that time.
Steve Mnuchin, who was the treasury secretary during the Trump administration, said it would be 2030 before it happened at the earliest.
Jen Psaki, the current White House press secretary, said the Biden administration is attempting to speed up that process but stopped short of saying exactly when it would happen. She said that timeframe would come from the department of treasury.