The White House has officially wrapped up the legal groundwork for launching the Strategic Bitcoin Reserve (SBR): Patrick Witt, head of the Digital Assets Council, confirmed that they've cleared legal hurdles and announced the rollout of a full operational reserve system. U.S. authorities are consolidating all 328,372 BTC ($26 billion) seized by the Treasury, completely banning their sale and urgently reorganizing custodial protocols following a recent $46 million hack of the Marshals' wallets.
While Congress members are rebranding the Lummis bill to the "American Reserves Modernization Act" (ARMA) to kick off open market purchases of 200,000 BTC per year, the White House is unilaterally turning the U.S. into the largest sovereign holder, which threatens the bears and creates a severe supply crunch for spot Bitcoin by Q4.
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