White House Says Bitcoin Reserve Announcement Coming in Weeks
Summary
Patrick Witt, a senior White House digital assets official, announced that the administration will provide updates on the U.S. Strategic Bitcoin Reserve within the coming weeks. The update aims to clarify the administration's direction regarding the management and custody of digital assets, following concerns raised by the recent theft of seized crypto assets from the U.S. Marshals Service. The initiative, established by executive order in 2025, seeks to transition from holding forfeited Bitcoin to potentially broader sovereign strategies while ensuring budget neutrality.
(Source:BeInCrypto)