White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service.
Trump’s Bitcoin Reserve Heads Toward New UpdatePresident Donald Trump signed an executive order in March 2025 establishing the Strategic Bitcoin Reserve and a US Digital Asset Stockpile, with the bitcoin reserve capitalized by BTC finally forfeited to the Treasury through criminal or civil asset forfeiture proceedings. The non-bitcoin stockpile covers other forfeited digital assets under a separate framework.
Witt tied the coming update directly to a recent security incident. “So, as many of the folks in this room may have seen, there was an exploit of certain assets that were held by the US Marshals just a month or two ago. We obviously started the work on the SBR, the digital asset stockpile, without thinking about that, but obviously thinking about we need to properly secure these assets. So it’s a case in point for why it was so necessary that the President established the SBR and that he instructed the agencies to take these assets very seriously and properly safeguard them.”
He added that digital asset custody creates challenges that do not fit neatly into legacy government asset-management procedures. “Custody is unique for digital assets. So we’ve made a tremendous amount of progress that’s kind of happened in the background and we’ll be making an announcement in the next few weeks, you know, laying out exactly the progress that’s been made and where we’re going from here.”
He also made clear at Bitcoin 2026 that legislation would still be needed to lock the policy in more permanently. That distinction is central: an executive-branch framework can shape custody and management now, but a statutory framework would be harder for a future administration to unwind.
At press time, BTC traded at $81,530.
