The White House will unveil a major next step on the U.S. Strategic Bitcoin (BTC) Reserve within weeks, top crypto adviser Patrick Witt confirmed.
Witt Reveals Reserve Timeline
Witt, executive director of the President's Council of Advisors for Digital Assets, spoke at the Bitcoin 2026 conference in Las Vegas on Monday. He said the executive branch is preparing a "big announcement" and described a recent breakthrough on legal interpretation.
The administration has spent months building the operational framework needed to safeguard government Bitcoin holdings. Witt added that Congress must still pass legislation to lock the policy in.
President Donald Trump signed the original executive order in Mar. 2025. It created the reserve using BTC seized through criminal and civil forfeitures, paired with a separate digital asset stockpile.
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Lummis And Begich Push ARMA
On the same day, Rep. Nick Begich announced the BITCOIN Act will be renamed the American Reserves Modernization Act, or ARMA. Sen. Cynthia Lummis continues to back the measure, which proposes acquiring up to one million BTC over five years using budget-neutral methods.
The rebrand follows talks with the House Financial Services Committee aimed at widening support. Begich said the goal is to treat Bitcoin as a reserve asset, not a niche tech bet.
Treasury Secretary Scott Bessent said in August 2025 that federal Bitcoin holdings sit between $15 billion and $20 billion. The government plans to keep adding seized BTC without buying coins on the open market, mirroring its long-standing approach to gold.
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