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 breakthrough there, and obviously that needs to be followed up with legislation. In the meantime, we do believe we’re going to be able to take a big step forward from the executive branch side.”

This story is an excerpt from the Unchained Daily newsletter.

Witt said the administration has spent the period since the reserve’s creation working through “the legal interpretations that we need to get [it] right and solidify that and protect the digital assets, specifically bitcoin that we have on the government balance sheet.”

President Trump signed an executive order in March 2025 creating the Strategic Bitcoin Reserve, capitalizing it with bitcoin the government already held from criminal and civil asset forfeiture proceedings — an estimated roughly 200,000 BTC at the time — and prohibiting its sale. The order also authorized the Treasury and Commerce Departments to develop budget-neutral strategies for acquiring additional bitcoin, with no immediate commitment to do so.

Executive orders, however, are reversible by future administrations, which has driven a parallel push in Congress to enshrine the reserve in statute. As Unchained reported in March, Senators Lummis and Cassidy introduced the Mined in America Act, which included a provision to codify Trump’s reserve order into law.

At the Bitcoin conference, Rep. Nick Begich also announced he is reintroducing his strategic bitcoin reserve bill under the renamed American Reserves Modernization Act (ARMA), which includes language directing the government to accumulate up to 1 million bitcoin over five years using budget-neutral strategies.