President's Council of Advisors for Digital Assets
Coverage of President's Council of Advisors for Digital Assets in the Nexus archive.
- 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.
- US Strategic Bitcoin Reserve Announcement Coming Within Weeks: White House
The White House is expected to announce details of the US Strategic Bitcoin Reserve within weeks, which will centralize and audit the government's existing Bitcoin holdings. The reserve is a result of an executive order that stopped federal agencies from dumping seized Bitcoin on the market. The announcement may mark a shift in the government's approach to Bitcoin, from selling it off to holding onto it.