White House crypto advisor hints at ‘big announcement’ on Trump’s strategic bitcoin reserve in coming weeks
The Block
White House advisor Patrick Witt announced that significant updates regarding President Trump’s strategic bitcoin reserve are expected in the coming weeks.Summary
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, revealed that the White House is preparing a major announcement concerning President Donald Trump’s strategic bitcoin reserve. Witt indicated that the administration has made a breakthrough in determining the legal and operational framework required to solidify the reserve, which was initially established via executive order. While legislative efforts like the American Reserves Modernization Act (ARMA) are underway to codify these measures, the White House intends to take significant steps from the executive branch in the near future.
(Source：The Block)