US to announce BTC strategic reserve plan in coming weeks, says advisor

An announcement regarding a U.S. strategic reserve plan for Bitcoin will be made within a few weeks, according to Patrick Witt, Chairman of the White House Cryptocurrency Advisory Committee. Speaking at the Consensus conference in Miami, Witt stated that the U.S. government has been working for several months to consolidate the management and enhance the security of its BTC and other cryptocurrency holdings, CoinDesk reported. He also explained that following an executive order from President Donald Trump, the White House has halted the sale of cryptocurrencies that occurred under the previous administration and has launched a comprehensive review of crypto assets held by all government agencies.