White House Advisor: Bitcoin Reserve Update in Weeks

A White House cryptocurrency advisor announced at the Bitcoin 2026 conference in Las Vegas that the Trump administration expects to unveil a major update on the U.S. Strategic Bitcoin Reserve within weeks.

Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, shared the development during a panel on Monday. He said the administration has made progress on the legal and operational framework for the reserve, which holds Bitcoin seized by the federal government through criminal and civil forfeitures. "The president signed the strategic bitcoin reserve executive order and we've been working on the legal and operational framework to get that right," Witt stated. "In the next few weeks, we'll be making a big announcement. I think we have a bit of a breakthrough there."

The executive order, signed by President Donald Trump on March 6, 2025, established the Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile. It directs that forfeited Bitcoin in the reserve not be sold and requires the Treasury and Commerce departments to develop budget-neutral strategies for acquiring more without additional taxpayer costs. Witt emphasized that...