White House crypto advisor hints at a major announcement regarding Trump's strategic Bitcoin reserves in the coming weeks
By: rootdata|2026/04/28 08:42:00
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According to The Block, Patrick Witt, the executive director of the White House Digital Assets Presidential Advisory Committee, previewed at the btc-42">Bitcoin 2026 conference that a significant announcement regarding Trump's strategic Bitcoin reserve will be made in the coming weeks. Witt stated that since Trump signed the executive order to establish a strategic Bitcoin reserve last year, the team has been researching relevant mechanisms and legal interpretations to ensure that digital assets (especially Bitcoin) on the government's balance sheet are properly protected and consolidated.
Meanwhile, lawmakers are pushing to legislate Trump's executive action. The BITCOIN bill reintroduced by Senator Cynthia Lummis and Representative Nick Begich has been renamed the "U.S. Reserve Modernization Act," which includes provisions to acquire 1 million Bitcoins over five years through a "budget-neutral strategy."
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