White House Cryptocurrency Advisor Hints at Major Announcement on Trump's Strategic Bitcoin Reserve in Coming Weeks
On April 28, Patrick Witt, Executive Director of the White House Presidential Advisory Council on Digital Assets, previewed a significant announcement regarding Trump's strategic Bitcoin reserve in the coming weeks at the Bitcoin 2026 conference. Witt stated that since Trump signed the executive order to establish a strategic Bitcoin reserve last year, the team has been researching relevant mechanisms and legal interpretations to ensure that digital assets (especially Bitcoin) on the government's balance sheet are properly protected and consolidated. Meanwhile, lawmakers are pushing to codify Trump's executive action. The BITCOIN Act, reintroduced by Senator Cynthia Lummis and Congressman Nick Begich, has been renamed the 'U.S. Reserve Modernization Act,' which includes provisions to acquire one million Bitcoins over five years through a 'budget-neutral strategy.'
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