Patrick Witt: The White House will release a strategic bitcoin reserve update

White House digital asset adviser Patrick Witt stated that updates on strategic Bitcoin reserves will be announced in the coming weeks. He mentioned at Consensus Miami 2026 that digital assets held by U.S. Marshals recently encountered a vulnerability, emphasizing the need to protect federal crypto assets. Witt did not disclose the scale of federal crypto holdings and said that the reserves need to be established through legislation, referencing Senator Cynthia Lummis's BITCOIN Act and related proposals from Representative Nick Begich.