White House Signals Progress on Bitcoin Reserve Plan

Bitcoin reserve plans in the United States are moving closer to a formal update, according to Patrick Witt, head of the White House council overseeing digital asset policy. He said officials have made progress on the reserve’s legal framework, custody arrangements, and coordination among federal agencies.

The update follows a March 6, 2025 executive order signed by Donald Trump, which established the reserve. Under the order, the Treasury Department must retain confiscated Bitcoin in the reserve and is barred from selling those holdings.

Source: X (formerly Twitter)