Trump's "Bitcoin Strategic Reserve" Approaching Breakthrough? White House Advisor: "Major Announcement" Coming in the Next Few Weeks

As the U.S. Congress is actively pushing legislation to incorporate President Donald Trump’s favored “Bitcoin Strategic Reserve” into law, White House Chief Cryptocurrency Advisor Patrick Witt has announced that “major announcements” regarding the next steps for Bitcoin reserves will be made in the coming weeks.
On Monday, Patrick Witt stated at the “2026 Bitcoin Conference” held in Las Vegas that the White House team and relevant agencies are currently working hard to promote the Bitcoin Strategic Reserve plan. He said:

“The President signed an executive order last year to establish the Bitcoin Strategic Reserve, and since then, we have begun clarifying the necessary operational mechanisms and legal interpretations. Our goal is to ensure this system is unbreakable, thereby protecting digital assets, especially Bitcoin on our government’s balance sheet.”

Trump signed an executive order early in his term instructing the government to establish a “Bitcoin Strategic Reserve” composed of assets seized through criminal or civil forfeiture; additionally, the authorities also planned another independent “Digital Asset Repository.”
However, the legal effect and durability of executive orders are ultimately inferior to formal legislation by Congress and can be overturned with a change in political party. To address this, Republican Senator Cynthia Lummis and Representative Nick Begich reintroduced the highly anticipated “Bitcoin Act” last year, which not only strengthened the content of the executive order but also included a clause for a “strategy without increasing fiscal burden” to purchase one million Bitcoins within five years.
Representative Nick Begich confirmed on Monday that the bill has officially been renamed the “American Reserves Modernization Act (ARMA).”
Regarding the latest developments of this bill and the Bitcoin Strategic Reserve plan, Patrick Witt stated:

“In the coming weeks, we will make major announcements. I believe we have made some breakthroughs in this area; of course, further progress depends on congressional legislation. Meanwhile, we also expect the executive branch to take a significant step in the next few weeks.”

No wonder Trump wanted to establish a “reserve”! The U.S. “sold 195k Bitcoins in 10 years,” missing out on $16.6 billion.