Over a year since President Donald Trump’s executive order created the U.S. strategic Bitcoin reserve, a key White House figure has hinted at the reserve’s operational and legal framework, even as the Treasury continues to rule out new Bitcoin purchases.

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told a panel at the Bitcoin 2026 conference in Las Vegas on Monday that the administration has spent months “figuring out” the legal interpretations needed to protect Bitcoin that would end up on the government balance sheet.

A “big announcement” is expected within weeks, Witt said, describing it as a “breakthrough” that the executive branch can deliver before Congress acts on…