President’s Council of Advisors for Digital Assets member Patrick Witt confirmed a Strategic Bitcoin (CRYPTO: BTC) Reserve announcement is coming.
Strategic Bitcoin Reserve Progress Behind The Scenes
Witt said in an interview with Scott Melker on Sunday that Deputy Chief Harry Jung has led the charge on the Strategic Bitcoin Reserve, working through the interagency process triggered by President Trump’s executive order.
The work never stopped despite the CLARITY Act dominating headlines.
“We’ll have an announcement,” he stated, declining to provide specifics. The breakthrough involves getting everything in place that’s legally sound and properly safeguarding assets.
The recent theft of digital assets from the U.S. Marshals Service proved the government needs to take custody seriously.
Executive Orders Highly Reversible Without Legislation
Witt emphasized the Strategic Bitcoin Reserve must be codified into law because executive orders are easily reversed with regime change.
Trump reversed Biden’s executive …
