White House Reveals Bitcoin ‘Breakthrough’ After Shock ‘Hyperinflation’ Price Warning
Patrick Witt said the administration has reached a breakthrough and will move from the executive branch side within weeks, with lawmakers also pushing legislation.
- Speaking Monday in Las Vegas, Patrick Witt of the Council announced a major Strategic Bitcoin Reserve update is coming within weeks, citing a breakthrough.
- President Trump created the Strategic Bitcoin Reserve in March 2025 via executive order, capitalizing it with roughly 200,000 BTC from asset forfeiture proceedings and prohibiting sales.
- Witt said the administration has spent the period since the reserve's creation working through legal interpretations to solidify and protect Bitcoin held on the government balance sheet.
- Rep. Nick Begich is reintroducing the American Reserves Modernization Act, which directs the government to accumulate up to 1 million Bitcoin over five years using budget-neutral strategies.
- Executive orders are reversible, driving a push in Congress to enshrine the reserve in statute, including through the Mined in America Act from Senators Lummis and Cassidy.
19 Articles
19 Articles
White House Crypto Advisor Hints at 'Big Announcement' on Trump's Strategic Bitcoin Reserve in Coming Weeks
The Trump administration’s strategic bitcoin reserve is approaching a new milestone, according to Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets. Speaking on a panel Monday at the Bitcoin 2026 conference in Las Vegas, Witt previewed a significant coming announcement on next steps for the reserve. “In the next few weeks, we’ll be making a big announcement,” Witt said. “I think we have a bit of a breakth…
White House Signals Major Bitcoin Reserve Announcement at Las Vegas Event
Bitcoin Las Vegas 2026 Panels and keynote discussions throughout the day focused on regulation, institutional investment, and the evolving role of Bitcoin in global finance. Credit: Greek Reporter The opening day of the Bitcoin 2026 conference in Las Vegas brought together thousands of industry leaders, investors, policymakers, and developers at a pivotal moment for the cryptocurrency sector. Bitcoin Las Vegas 2026, major platform for policy sig…
The White House is about to move a tab with the strategic bitcoin reserve of the United States. This week Bo Hines, adviser to the Council of Presidential Advisors on Digital Assets, has suggested this by talking about an imminent advance that would circumvent the legislative blockade in the Senate and the budgetary constraints of the Treasury. For the reader who has not followed the thread: we talk about the plan that aims to convert part of th…
U.S. Prepares Next Step for Strategic BTC Reserve
U.S. moves from concept to execution phase Sovereign demand narrative strengthens BTC case Policy timing becomes next market catalyst When the world’s largest economy moves Bitcoin onto its balance sheet, is it just policy or the first real signal that sovereign money is entering the market? At the Bitcoin 2026 conference, White House crypto advisor Patrick Witt confirmed that the administration is preparing to outline next steps for a U.S. Str…
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