The White House is nearing a formal announcement on a U.S. Strategic Bitcoin Reserve, with Patrick Witt saying the administration has already cleared a key legal hurdle.

President’s Council of Advisors for Digital Assets member Patrick Witt confirmed a Strategic Bitcoin (CRYPTO: BTC) Reserve announcement is comin

The White House is nearing a formal announcement on a U.S. Strategic Bitcoin Reserve, with Patrick Witt saying the administration has already cleared a key legal hurdle.

“We’ll have an announcement,” Witt said. “I wish I could say more..."