White House Signals Imminent Strategic Bitcoin Reserve Update Patrick Witt, executive director of the White House President’s Council of Ad…
White House Signals Imminent Strategic Bitcoin Reserve Update
Patrick Witt, executive director of the White House President’s Council of Advisors for Digital Assets, said a formal update on the U.S. Strategic Bitcoin Reserve is nearing release, citing a “breakthrough” on the legal basis, custody arrangements, and an interagency reporting framework. The reserve was established by President Trump’s March 6, 2025 executive order, which directs Treasury to custody forfeited BTC in the reserve and prohibits selling BTC held there.
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