Trump Administration Plans Strategic Bitcoin Reserve Announcement
- The Trump administration is developing a strategic Bitcoin reserve, as stated by Patrick Witt at the Bitcoin 2026 conference.
- Since August last year, the U.S. Treasury has not approved any new Bitcoin purchases.
- Senator Cynthia Lummis’ BITCOIN Act will be reintroduced under a new name in the coming weeks.
- Rep. Nick Begich plans to reintroduce his House companion bill as the “American Reserves Modernization Act.”
- The executive branch lacks authority to buy Bitcoin on the open market without congressional approval.
Patrick Witt indicated that a significant announcement regarding the strategic Bitcoin reserve is expected soon, despite existing limitations on new purchases by the U.S. Treasury and Congress’s role in authorizing acquisitions.
This development highlights ongoing efforts by the Trump administration to establish a strategic Bitcoin reserve, though legislative constraints remain a significant hurdle for its expansion beyond assets obtained through law enforcement seizures. Source)
