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The Trump administration is preparing to take a major step to bolster the U.S.’s strategic Bitcoin reserve, according to White House crypto policy adviser Patrick Witt.

“In the next few weeks, we’ll be making a big announcement,” Witt said at the Bitcoin 2026 conference in Las Vegas on Monday. According to Witt, who heads the President’s Council of Advisors for Digital Assets, he and others have been working on plans and legal interpretations for the U.S. Bitcoin reserve.

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“I think we have a bit of a breakthrough,” Witt said, adding that it is something the executive arm can work on while waiting for…