Overview
- White House digital-asset adviser Patrick Witt said a big announcement on the Strategic Bitcoin Reserve is expected in the next few weeks.
- Witt described a breakthrough on the executive side focused on custody and accounting for bitcoin already on the government balance sheet.
- President Trump’s executive order last year created a Strategic Bitcoin Reserve and a separate digital-asset stockpile and directed that forfeited bitcoin placed in the reserve should not be sold.
- Rep. Nick Begich said he will reintroduce the bill as the American Reserves Modernization Act to give the reserve a durable legal base through Congress.
- Sponsors say the measure would identify bitcoin held across federal agencies, set custody standards, and require long holding periods that limit sales without congressional direction.