- The White House is committed to anchoring the US Strategic Bitcoin Reserve in law.
- Patrick Witt sees bipartisan support in Congress.
According to the White House, the legal anchoring of a US strategic Bitcoin reserve remains on the table. Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, said March 9 at Economic Club of New Yorkthere is still cross-party support for such projects, even if the timetable is uncertain.
Witt thus brought an important question into focus: whether the Bitcoin reserve created under President Donald Trump can also be permanently secured by Congress. When asked what is politically important under the current crypto laws, Witt specifically mentioned “further legislation to codify the strategic Bitcoin reserve.”
US Bitcoin reserve could be enshrined in law
Witt explained that the Trump administration still intends to establish a legal basis for the strategic Bitcoin reserve, even though the project has become very quiet in recent months. As Witt emphasized, the focus was initially on the Genius Act (stablecoins), and currently on the Clarity Act (market structure).
However, the White House advisor also said that there is no guarantee that the Bitcoin reserve will be legally anchored in this legislative period:
“There is some bipartisan support for this.”
At the same time, he said it was unclear whether Congress would take up the issue during the current term of office or only later. Witt explained literally:
“Whether we can do that in this Congress is an open question. There is some bipartisan support for this. Many of these bills can be flagged and prepared in advance of the next Congress and then dealt with later either individually or as part of a mandatory legislative package.”
However, it is still unclear when a specific bill on the BTC reserve will actually be put to the vote. However, Witt’s statements point to a longer political process.
It is also questionable what will become of US President Donald Trump’s promise from the Executive Order (EO) to investigate how Bitcoin can be purchased in a “budget-neutral” manner. There has been silence on this since the EO of March 6, 2025.
Likewise, the Trump administration has yet to disclose to the public how much BTC the reserve actually contains. The relevant deadlines for this expired last year and there have been no public statements so far.
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