Trump's "Bitcoin Strategic Reserve" sees breakthrough? White House advisor: "Major announcement" to be released in the coming weeks

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As the U.S. Congress intensifies efforts to codify the "Bitcoin Strategic Reserve" championed by President Donald Trump into law, White House Senior Advisor for Cryptocurrency Patrick Witt has signaled that a "major announcement" regarding the next steps for the Bitcoin reserve will be made in the coming weeks. Speaking at the "Bitcoin 2026" conference in Las Vegas on Monday, Patrick Witt stated that the White House team and relevant agencies have been working diligently to advance the Bitcoin Strategic Reserve initiative. He said: "The President signed an executive order last year to establish the Bitcoin Strategic Reserve, and since then, we have been working to clarify the necessary operational mechanisms and legal interpretations. The goal is to ensure this framework is ironclad, thereby protecting digital assets, especially the Bitcoin on our government's balance sheet." Early in his term, Trump signed an executive order directing the government to establish a "Bitcoin Strategic Reserve" composed of assets seized through criminal or civil proceedings; additionally, authorities have been planning a separate "Digital Asset Repository." However, the legal authority and durability of an executive order are ultimately inferior to formal congressional legislation and could be overturned by a change in administration. To this end, Republican Senator Cynthia Lummis and Representative Nick Begich reintroduced the high-profile "BITCOIN Act" last year, which not only strengthens the provisions of the executive order but also includes a clause to purchase 1 million Bitcoin over five years using a "fiscally neutral strategy." Representative Nick Begich confirmed on Monday that the bill has been officially renamed the "American Reserves Modernization Act" (ARMA). Regarding the latest progress on this bill and the Bitcoin Strategic Reserve initiative, Patrick Witt stated: "We will have a major announcement in the coming weeks. I believe we have made some breakthroughs in this area; of course, we still need the cooperation of congressional legislation to get it across the finish line. In the meantime, we believe the executive branch will also take a significant step forward in the coming weeks."

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Published:2026-04-28 08:38:43

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