Patrick Witt said the Treasury has discussed several potential ways for the government to acquire Bitcoin, while U.S. agencies’ Bitcoin holdings are undergoing a second review. According to Odaily, the options include revaluing gold reserves, using the Exchange Stabilization Fund, converting other assets, and accepting Bitcoin for taxes and fees; each still requires further legal analysis.

The review aims to improve the accuracy of data on government-held Bitcoin, but officials have not decided whether to disclose specific holdings. The Treasury is also developing a custody framework that could combine self-custody with third-party custody.

No successor will be appointed to the White House executive director of the Crypto Council position. Its responsibilities will be distributed among departments including the White House Office of Legislative Affairs and the White House Counsel’s Office.