White House Advisor Hints at Impending Reveal of Strategic Bitcoin Reserve
White House advisor Patrick Witt announced that the Trump administration plans to reveal a major update on the Strategic Bitcoin Reserve within weeks.Summary
Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, confirmed that the Trump administration has reached a breakthrough regarding the legal framework for the U.S. Strategic Bitcoin Reserve. Currently, the U.S. holds approximately 328,372 BTC, valued at $25 billion, acquired primarily through law enforcement seizures.
While an executive order currently prevents the sale of these assets, Witt emphasized that permanent status requires congressional action. The administration is moving to transition from internal accounting and custody consolidation to a formal, durable policy. Lawmakers may look to codify these holdings through the upcoming National Defense Authorization Act to secure the Bitcoin as a permanent national asset.
(Source：BeInCrypto)