In brief
- The Trump administration has been “figuring out” how to push forward the strategic Bitcoin reserve, Patrick Witt said Monday.
- The U.S. Treasury had ruled out any new Bitcoin purchases since August last year, and has not reversed its position since.
- Senator Cynthia Lummis’ BITCOIN Act will reportedly be reworked under a new name in the coming weeks.
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…
