U.S. Bitcoin Reserve update coming in 'next few weeks,' White House adviser says
White House adviser Patrick Witt announced that details regarding the U.S. Strategic Bitcoin Reserve will be revealed in the coming weeks.Summary
Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, announced that an update on the U.S. Strategic Bitcoin Reserve (SBR) is expected within the next few weeks. Following an executive order by President Donald Trump, the administration has been working to centralize and secure government-held digital assets, which were previously stored across various agencies. Witt emphasized that the initiative aims to move away from impulsive asset liquidations toward proper custody, citing recent security exploits as a primary motivation for better oversight. While the government is currently auditing its holdings, the administration plans to pursue formal legislation, such as the BITCOIN Act, to codify the reserve's structure and legal authority.
(Source：CoinDesk)