Bitcoin Conference 2026》White House Advisor: Bitcoin Strategic Reserves Will See a "Major Event Coming in a Few Weeks"

A White House adviser has previewed that the U.S. will soon release a major announcement regarding President Trump’s “Bitcoin Strategic Reserve.” At the same time, Congress is pushing to rename the “Bitcoin Act” to “ARMA,” aiming to formally enact the strategic reserve mechanism into law to ensure policy continuity.

White House adviser previews a “major announcement” on the Bitcoin Strategic Reserve

As U.S. lawmakers work to incorporate Trump’s Bitcoin strategic reserve into law through legislation, White House cryptocurrency adviser Patrick Witt has promised that a major announcement related to the plan will be released within the coming weeks.

According to The Block, Patrick Witt—who serves as the executive director of the President’s Digital Asset Advisory Committee—said at the Bitcoin 2026 conference (Bitcoin 2026) in 2026 that the team has been preparing for Trump’s strategic reserve initiative.

He noted that after the president signed the relevant executive order last year, the Digital Asset Advisory Committee team began clarifying the specific operational mechanisms and legal interpretations to ensure the plan is carried out properly and to protect digital assets such as Bitcoin on the government’s balance sheet.

Could the U.S. Bitcoin Strategic Reserve move from an executive order to legislation?

In the early days of his term, Trump signed an executive order establishing a Bitcoin strategic reserve and a digital asset custody program, with funding mainly coming from Bitcoins obtained by the government through criminal or civil forfeiture. However, executive orders do not have the same legal force as formal laws, and lawmakers have continued to push for bills to codify Trump’s actions into law.

Last year, Senator Cynthia Lummis and Representative Nick Begich reintroduced the Bitcoin Act (based on the executive order and adding provisions to acquire 1 million Bitcoins within 5 years through a budget-neutral strategy).

Bitcoin Act renamed to “ARMA”

At the Bitcoin conference, Begich also said the bill would be renamed the American Reserves Modernization Act, abbreviated as “ARMA.”

He explained the reason for the renaming: it allows lawmakers and the public to better understand the actual goal, ensuring that Bitcoin is treated as a genuine reserve asset. The bill would also go deeper into confirming where the government stores Bitcoin and would require responsible custody in a manner consistent with its reserve status.

Begich emphasized that, since it is not possible to predict the next administration’s position on digital assets, the opportunity must be seized to lock in the progress made during the current administration—this is where Congress can play a tangible role.

Progress on two tracks: executive and legislative

For future developments, White House cryptocurrency adviser Patrick Witt revealed that the team has made breakthroughs in its planning, and stressed that progress at the executive level needs to be matched by legislative action. They believe the executive branch can make a major step forward in the coming weeks.

However, while the adviser has said “big things are coming,” he did not specify which aspect of progress has been achieved.

The market is closely watching the announcements expected over the next few weeks, whether they will provide detailed explanations of how the reserve will operate or what asset-protection mechanisms will be in place, and whether the American Reserves Modernization Act can advance to the legislative stage—these will be key variables for the long-term sustainability of the policy.

Further reading:
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