White House Chief Cryptocurrency Advisor: Major Announcement on "Strategic Bitcoin Reserve" Plan to Be Released in the Coming Weeks

On April 28, as U.S. lawmakers push to formally enshrine former President Trump’s “Strategic Bitcoin Reserve” into law, White House Chief Cryptocurrency Advisor Patrick Witt signaled a “major announcement” on the reserve’s next steps will come in the coming weeks. Speaking Monday at the Bitcoin 2026 conference in Las Vegas, Witt—who also serves as Executive Director of the Presidential Digital Asset Advisory Committee—said he and his team have been advancing work on the strategic Bitcoin reserve. He noted, “The President signed an executive order on the strategic Bitcoin reserve last year. Since then, we’ve been researching the specific mechanisms needed to implement the plan, plus the legal interpretations required to ensure proper execution of the scheme and protect the government’s balance sheet digital assets—especially Bitcoin.”