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Trump’s Bitcoin Reserve Could Be Near As White House Signals Major Update
TL;DR
The US is renaming a bill to establish a Strategic Bitcoin Reserve as the American Reserves Modernization Act, signaling rapid policy progress. A major update from the White House is expected within weeks.
Key points
- US bill renamed to American Reserves Modernization Act
- Policy on Strategic Bitcoin Reserve moving quickly
- Major update expected from the White House soon
Mentioned in this story
President’s Council of Advisors for Digital Assets
A bill to lock in the US Strategic Bitcoin Reserve is being renamed the American Reserves Modernization Act — and that’s just one sign that the policy is moving faster than many expected.
Congress And The White House Move In Parallel
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told attendees at the Bitcoin 2026 conference in Las Vegas on Monday that a major update on the reserve is coming within weeks.
He said the executive branch has spent months working through the legal and operational questions needed to properly secure bitcoin already sitting on the government’s balance sheet.
“We believe we’re going to be able to take a big step forward from the executive branch side in the next few weeks,” Witt said.
The announcement, whatever form it takes, is expected to cover how the reserve will be run and how existing law supports it.
An open question remains: will it say anything about buying more bitcoin? Right now, the reserve holds only seized assets — bitcoin collected through criminal and civil forfeitures. No new purchases have been authorized.
US President Donald Trump signed an executive order in March 2025 establishing the reserve. That order directed the government to hold its existing bitcoin rather than sell it, and created a separate stockpile for other digital assets.
Bitcoin is currently trading at $76,606. Chart: TradingView
But executive orders can be reversed by the next administration, which is exactly why lawmakers want a law to back it up.
The Push To Codify The Reserve
Sen. Cynthia Lummis and Rep. Nick Begich have been working on legislation to do that. Their bill — formerly called the Bitcoin Act — proposes acquiring up to 1 million BTC over five years through budget-neutral strategies.
Q&A
What is the American Reserves Modernization Act?
The American Reserves Modernization Act is a bill aimed at establishing a US Strategic Bitcoin Reserve.
When will the White House provide an update on the Bitcoin Reserve?
A major update on the Bitcoin Reserve is expected from the White House within the next few weeks.
Who is Patrick Witt and what did he say about the Bitcoin Reserve?
Patrick Witt is the executive director of the President’s Council of Advisors for Digital Assets, and he announced that significant progress on the Bitcoin Reserve is forthcoming.
