Patrick Witt Teases ‘Breakthrough’ On US Strategic Bitcoin Reserve
White House digital-assets official Patrick Witt said the administration is preparing an announcement on the US Strategic Bitcoin Reserve, describing recent work as a “breakthrough” in making the reserve legally sound and operationally secure. His comments suggest the next step is likely to focus on implementation, custody and agency coordination rather than a confirmed open-market […]
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The White House is preparing a major announcement on the US Strategic Bitcoin Reserve, according to crypto advisor Patrick Witt, who said the administration has made what he described as a “breakthrough” on the executive-branch side of the policy. US Strategic Bitcoin Reserve May Get An Update Soon Speaking Monday at the Bitcoin 2026 conference […]
Speaking at the Economic Club of New York on March 9, Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, said there is “some bipartisan support” for legislation to codify the US Strategic Bitcoin Reserve, even if the timing may slip beyond the current Congress. President Donald Trump signed the executive […]
White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service. Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve, or SBR, and the separate digital asset stockpile had been progressing largely out of public view. The next announcement, he indicated, will focus on “exactly the....
A bill to lock in the US Strategic Bitcoin Reserve is being renamed the American Reserves Modernization Act — and that’s just one sign that the policy is moving faster than many expected. Related Reading: XRP Signals Imminent Breakout — Is A 10% Rally Coming? Congress And The White House Move In Parallel Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told attendees at the Bitcoin 2026 conference in Las Vegas on Monday that a major update on the reserve is coming within weeks. He said the executive branch has spent months working....
Senator Cynthia Lummis used an early-morning X post on Nov. 5 (Europe) to endorse a US Strategic Bitcoin Reserve and to praise the administration’s stance. “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt,” she wrote, adding that she “applaud[s] @POTUS and his administration for embracing the SBR, […]