U.S. Bitcoin Reserve update coming in 'next few weeks," White House adviser says

White House digital-assets adviser Patrick Witt announced that an update on the U.S. Strategic Bitcoin Reserve will come "in the next few weeks," following President Trump's executive order to establish long-term federal crypto holdings. Witt noted that the White House has halted cryptocurrency liquidations and is currently auditing crypto assets held across federal agencies, citing a recent exploit involving U.S. Marshals assets as evidence that better safeguarding is needed. He stated that the reserve still requires legislative codification through proposed bills like Senator Cynthia Lummis's BITCOIN Act and Representative Nick Begich's House effort.