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Bitcoin reserve 'breakthrough' š°
A "big announcement" on the U.S. Bitcoin strategic reserve could drop soon, the White House crypto adviser said.
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š What you need to know
A ābig announcementā is coming regarding the U.S. strategic Bitcoin reserve, White House digital assets adviser Patrick Witt told a panel at the Bitcoin 2026 conference this week. Witt added that the Trump administration has spent months āfiguring outā the legal interpretations needed to protect Bitcoin on the governmentās balance sheet.
Itās more than a year since the president issued an executive order creating the U.S. Bitcoin reserve, initially to be capitalized using criminal and civil asset forfeiture proceedings. But plans have stalled in the face of Treasuryās policy of not purchasing additional Bitcoin, with the executive branch lacking the authority to buy Bitcoin on the open market without congressional appropriation.
Meanwhile, Rep. Nick Begich (R-AK) plans to reintroduce Senator Cynthia Lummisā BITCOIN Act in the coming weeks as the āAmerican Reserves Modernization Act,ā aiming to ālock in the gainsā of the Trump administrationās pro-Bitcoin stance and prevent future administrations from reversing the policy.
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