White House Preparing Major Update on Bitcoin Reserve Plan
The White House is set to announce a significant update on its U.S. digital asset strategy, with Patrick Witt, the lead crypto adviser, confirming progress on legal and operational details for a strategic Bitcoin reserve. The initiative, originally launched via an executive order by President Trump, aims to secure Bitcoin seized through legal actions and is being transitioned into legislation known as the American Reserves Modernization Act (ARMA).
Topics: Bitcoin executive order government holdings legislation U.S. digital asset strategy