White House Says Strategic Bitcoin Reserve Announcement Is Imminent: ‘A Breakthrough’
Bitcoin Magazine
The White House is nearing a formal announcement regarding the U.S. Strategic Bitcoin Reserve following significant legal and infrastructure breakthroughs.Summary
Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, announced that the administration has cleared major legal hurdles to establish the U.S. Strategic Bitcoin Reserve. The initiative aims to properly secure the government's current holdings of over 328,000 BTC, which were previously vulnerable to security breaches. To ensure long-term stability beyond executive orders, Congress is currently debating the American Reserves Modernization Act (ARMA), which would authorize the Treasury to begin open-market Bitcoin purchases.
(Source：Bitcoin Magazine)