🐶 WHITE HOUSE AND THE US BTC RESERVE 🐶
Statements made today, April 27, 2026, by Patrick Witt, CEO of the Advisory Council for Digital Assets at the White House, during the Bitcoin 2026 conference in Las Vegas:
Patrick Witt confirmed that the Trump administration is finalizing a "major update" on the implementation of the Bitcoin Strategic Reserve, expected to be detailed in the coming weeks.
President Donald Trump had already signed an executive order in March 2025 to establish this reserve, initially utilizing bitcoins already confiscated by the government (estimated at over 328,000 BTC as of February 2026).
Witt indicated that the team has spent the last year working on legal interpretations and implementation milestones to institutionalize the policy, overcoming legal hurdles that had been delaying the formalization of the reserve.
Codification into Law: Representative Nick Begich announced plans to reintroduce the BITCOIN Act under the new name of American Reserves Modernization Act (ARMA). The goal is to turn Trump's executive order into permanent law to prevent future rollbacks.
Accumulation Goal: The legislative proposal aims for the US Treasury to acquire 1 million bitcoins over five years (about 200,000 BTC per year), in a "budget-neutral" manner, possibly re-evaluating gold certificates or using remittances from the Federal Reserve.
Senator Cynthia Lummis stated at the same conference that the Clarity Act, which defines the market framework for digital assets, is expected to advance in the Senate in May 2026, which would provide greater legal certainty for the national reserve.
Market Impact: Analysts suggest that the formalization of the purchasing plan could act as a strong price catalyst, and the confirmation of state purchases could push the asset to new all-time highs by the end of 2026.
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