The Trump administration will announce significant progress on the strategic bitcoin reserve in the coming weeks, according to a White House digital assets advisor. The team has been working on legal mechanisms for months.
The Trump administration will announce significant progress on the strategic bitcoin reserve in the coming weeks, according to White House Digital Assets Advisor Patrick Witt. He spoke at the Bitcoin 2026 conference in Las Vegas.
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According to Witt, the team has been working for months on the legal mechanisms and interpretations needed to protect and manage assets on the government’s balance sheet. He noted that a “big step forward” from the executive branch is expected soon.
What to Expect From the White House?
The strategic reserve was launched by Trump executive order in 2025. It consists primarily of bitcoin (BTC) already held by the government through criminal and civil forfeitures. Witt emphasized that executive orders have limited authority, so parallel work is underway to codify the initiative into law.
The US Treasury has previously stated it does not plan to buy new bitcoin on the open market. Therefore, reserve growth is limited to confiscated assets.
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Lawmakers Support the President’s Initiative
Senator Cynthia Lummis and Congressman Nick Begich continue to advance the BITCOIN Act. The bill will soon be reintroduced under a new name: the American Reserves Modernization Act (ARMA).
The legislation provides for acquiring 1 million BTC▲$61,804.00, approximately 5% of total supply, over five years using budget-neutral mechanisms. Sales of assets from the reserve would not be permitted for at least 20 years, except to pay down the national debt.
Witt expressed confidence that a breakthrough announcement in the coming weeks will strengthen the US position in digital assets before full legislation is passed.
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