2 weeks ago
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Key Takeaways
- Patrick Witt confirms SBR announcement coming.
- Work never stopped despite Clarity Act dominating headlines.
- Harry Jong, Witt’s deputy, led the interagency process.
- Stephen Miller’s team and DECOSP involved in execution.
What Witt said and what it means
In an interview shared by Bitcoin Magazine, Witt confirmed in the interview that a White House announcement on the Strategic Bitcoin Reserve is forthcoming, describing the current state of the work as “legally sound, properly safeguarding the assets.” He acknowledged that the SBR had become the lesser-covered priority while the Clarity Act dominated crypto policy headlines but stated that work on the reserve never stopped and was running through a parallel interagency process.
Witt’s description of the executive order as “a starting gun” rather than the policy itself is the framing that the market has consistently missed: the executive orde...
English (US)