- White House signals upcoming update on strategic Bitcoin reserve
- Plan builds on Trump’s earlier executive order
- Reserve would mainly use seized Bitcoin assets
- Lawmakers are working to turn the plan into law
New Update on U.S. Bitcoin Strategy
A White House crypto advisor has hinted that a major announcement on the U.S. strategic Bitcoin reserve could come in the next few weeks.
Patrick Witt said the administration is working on the legal and operational details needed to formalize the reserve.
From Executive Order to Law
The reserve was first introduced through an executive order signed by Donald Trump. It would primarily be funded using Bitcoin already held by the government through seizures.
However, lawmakers are now trying to pass legislation to give the plan more long-term stability.
Ambitious Expansion Plans
A proposed bill, backed by lawmakers like Cynthia Lummis, includes plans to accumulate up to 1 million BTC over time using budget-neutral strategies.
The bill is also being updated and renamed as part of ongoing discussions in Congress.
What Comes Next
While details are still limited, officials say progress is being made. The upcoming announcement could clarify how the reserve will be structured and expanded.
