White House: Bitcoin Reserve Announcement Is Imminent

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Bitcoin Magazine Editorial

(05:41 PM UTC)

1 min read

Updated bySarah Chen

0 comments

The White House is on the verge of a formal announcement on the U.S. Strategic Bitcoin Reserve — and the official leading the charge says the hard part is done.

Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, told an interviewer this week that the administration has cleared a major legal hurdle in standing up the reserve.

“We’ll have an…