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White House crypto adviser Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” presenting the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service.
Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve (SBR) and a separate digital asset stockpile has been progressing largely out of public view. He indicated the next announcement will focus on “exactly the progress that’s been made and where we’re going from here.”
President Donald Trump signed an executive order in March 2025 establishing the Strategic Bitcoin Reserve and a US Digital Asset Stockpile. Under the framework described by Witt, the bitcoin reserve is capitalized by BTC finally forfeited to the Treasury through criminal or civil asset forfeiture proceedings. The non-bitcoin stockpile covers other forfeited digital assets under a separate framework.
Witt previewed the update earlier at Bitcoin 2026 in Las Vegas. Speaking on a panel at The Venetian Resort, he said the administration had spent months working through legal interpretations needed to protect bitcoin on the government balance sheet after Trump’s executive order. “In the next few weeks, we’ll be making a big announcement,” Witt said, adding that the administration believed it could take a “big step forward from the executive branch side” even before Congress acts.
Witt also emphasized that legislation would still be required to lock the policy in more permanently. The distinction, as he framed it, is that an executive-branch framework can shape custody and management now, while a statutory framework would be harder for a future administration to unwind.
At press time, BTC traded at $81,530.
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