%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / Crypto markets are bracing for a potentially landmark announcement. Speaking at the Bitcoin 2026 conference in Las Vegas, White House digital asset adviser Patrick Witt said the Trump administration plans to share significant news about the Strategic Bitcoin Reserve in the near term. Witt, who serves as executive director of the President’s Council of Advisors for Digital Assets, said his team has cleared a key legal hurdle and aims to move quickly, potentially before any new bill is formally introduced in Congress. The scale of federal crypto holdings is notable. The U.S. government is estimated to hold about 328,372 BTC, which is worth roughly $25 billion and accounts for nearly 1.6% of the coins in circulation. Most of that balance was accumulated through seizures and forfeitures tied to law enforcement actions, not purchases on exchanges. An executive order issued in March 2025 instructed agencies to centralize those bitcoin (CRYPTO: $BTC ) holdings into one reserve and barred the Treasury from selling them going forward. Witt cautioned, however, that executive actions are insufficient and that legislation would be needed to make the arrangement lasting and to provide a clearer long term safeguard for taxpayers. Witt added that agencies have been working for more than a year to bring the assets under a shared custody and reporting framework, setting the stage for the forthcoming update. If Congress ultimately codifies the reserve, market participants say it could meaningfully affect expectations for future supply and government policy. Any upbeat development on the Strategic Bitcoin Reserve could provide a needed lift for Bitcoin, which is down 12% so far in 2026.