Trump's digital asset advisor Patrick Witt stated on a podcast that the U.S. government has cleared significant legal hurdles for Bitcoin's strategic reserves, expected to be announced within weeks; assets are legally secure and protected. If there is a change in government, the reversibility of executive orders is very easy. He also said that the U.S. should incorporate Bitcoin into the financial framework and obtain strong endorsement, and that banks may need this legislation more than the crypto industry, leading to a reconstruction of the future financial system.

MarsBitNews

2026-05-20 06:27:03

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Mars Finance News, on May 20th, former President Trump's digital asset advisor Patrick Witt recently stated on the podcast "The Wolf Of All Streets" that "The Trump administration has cleared major legal hurdles, and the Bitcoin strategic reserve announcement is expected to be made in the coming weeks." Witt said, "We have everything in place, legally secured, and properly protected these assets (Bitcoin). If there is a change of government, how reversible are executive orders? Very easy to reverse. The U.S. government believes it should become part of the financial infrastructure, which is the strongest institutional endorsement. We now have a real leading opportunity. Many people might say that banks actually need this legislation more than the crypto industry. This will be the new architecture of the future financial system. If we don't set the rules, we can only follow others' rulebooks."

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Trump Digital Asset Advisor: U.S. Bitcoin Strategic Reserve Announcement Expected to be Released in the Coming Weeks

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