The White House is finalizing a Strategic Bitcoin Reserve announcement after completing operational groundwork.
Deputy Chief Harry Jung leads the interagency process, coordinating agency reviews and drafting legal memoranda.
Establishing a durable federal policy requires Congress to codify the reserve plan into law, beyond an executive order.
White House crypto advisor Patrick Witt said the White House is preparing an announcement on the proposed Strategic Bitcoin Reserve, signaling that the administration has made progress on the legal and operational work required to implement the plan.
Speaking with host Scott Melker at The Wolf Of All Streets Podcast on Sunday, Witt said work on the reserve continued behind the scenes even as…
