The White House is preparing to announce the next steps for the US Strategic Bitcoin Reserve within the next few weeks.
This is according to Patrick Witt, Executive Director of the President’s Council of Advisors on Digital Assets.
Speaking Monday at the Bitcoin 2026 conference in Las Vegas, Wit He said The administration is working through the legal and operational framework necessary to implement President Donald Trump’s reserve plan and protect government-owned bitcoin (Bitcoin).
“The President signed the Executive Order for the Bitcoin Strategic Reserve last year, and we have gone to work figuring out the necessary machinations and legal interpretations we need to obtain and enshrine this right and protect digital assets, specifically the bitcoin that we have on the government’s balance sheet.”
Trump signed an executive order in March 2025 to create the Bitcoin Strategic Reserve and a separate stockpile of the digital asset. The reserve is designed to hold bitcoins already owned by the federal government, primarily assets seized through criminal and civil forfeiture cases, rather than selling them at auction.
Treasurer Scott Besent recently He says The US government owns between $15 billion and $20 billion worth of Bitcoin and plans to continue adding confiscated Bitcoin to the reserve, while not making direct market purchases.
Besant also says the government plans to continue keeping its gold reserves as they are.
“We have a large stock of gold. I doubt we will revalue it, but we will keep it there as a store of value for the American people.”
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