TECHNOLOGYMay 18 · 20:16 UTCR/BITCOIN/u/TheresNoSecondBest

White House: Bitcoin Reserve Announcement Is Imminent

The White House is set to announce the U.S. Strategic Bitcoin Reserve, with Executive Director Patrick Witt stating that a major legal hurdle has been cleared. The reserve holds an estimated 328,372 BTC and is expected to be a significant development in the use of cryptocurrency as a strategic asset. An announcement is imminent, according to Witt.

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Mentioned

Patrick WittpersonWhite HouseplacePresident's Council of Advisors for Digital AssetsorganizationU.S. Strategic Bitcoin ReservetopicUnited States TreasuryorganizationFederal Bureau of InvestigationorganizationU.S. Marshals Serviceorganization

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