Trump's Digital Asset Advisor: U.S. Bitcoin Strategic Reserve Announcement Expected in the Coming Weeks

**May 20th News Brief: Trump’s Digital Asset Advisor Teases Upcoming Bitcoin Strategic Reserve Announcement** Patrick Witt, digital asset advisor to the Trump administration, appeared on the popular podcast *The Wolf Of All Streets* to share updates on the initiative, noting his team has cleared major legal hurdles and plans to roll out a formal announcement on a U.S. Bitcoin strategic reserve in the coming weeks. Witt clarified that all core frameworks for the plan are already finalized, with full legal compliance and robust protection measures in place for the Bitcoin holdings. He also addressed the political uncertainty surrounding such a move, stating, “How reversible is an executive order if there’s a change in power? It’s very easily reversible.” He added that the U.S. government views Bitcoin as a critical component of the country’s financial infrastructure, anchored by its most powerful institutional authority. “We have a truly one-of-a-kind leading opportunity here,” Witt said. “Many would argue that banks actually stand to benefit more from this framework than the crypto industry itself. This will shape the backbone of the future global financial system. If we don’t set the rules now, we’ll just end up abiding by someone else’s rulebook.”