Patrick Witt, White House Crypto Council director, confirmed DOJโs plan to retain, not sell, Bitcoin holdings under Executive Order 14233, strengthening the USโs strategic crypto reserve.
The reserve elevates US leadership in cryptocurrency, mitigating market volatility while encouraging digital asset stability. Initial reactions show varied asset price shifts, reflecting uncertainty around long-term impacts.
The U.S. government has confirmed retention of its Bitcoin holdings as part of a strategic reserve. This decision was directed under Executive Order 14233 and verified by the Department of Justice, ensuring a steady approach to digital assets.
Patrick Witt, Executive Director of the Presidentโs Council of Advisors for Digital Assets, oversees this significant policy move. His confirmation aligns with Donald Trumpโs announcement in March 2025 about establishing a Bitcoin reserve, solidifying the U.S.โs crypto strategy.
Bitcoin Retention Aims to Curb Market Volatility
The decision to retain seized Bitcoin alleviates market volatility concerns historically caused by DOJ sell-offs. It marks a shift in U.S. policy to view Bitcoin as a strategic asset akin to precious metals or foreign reserves, influencing regulatory discussions.
The retention strategy anticipates a positive financial outcome, mitigating previous market disruptions from sudden Bitcoin sales. This change, confirmed by the DOJ, reflects an adjustment in how seized digital assets are managed, indicating a broader regulatory shift.
New Bitcoin Strategy Aligns with Lummisโs Legislative Vision
Historically, the U.S. has opted for immediate sales of seized cryptocurrencies, causing market supply shocks. This new approach aligns with Senator Cynthia Lummisโs legislative efforts to integrate cryptocurrencies into national asset management, providing a steadier framework.
Experts note that retaining Bitcoin holds parallels to deliberations in traditional assets management, predicting that such decisions will stabilize volatility. This aligns with expert analyses suggesting that a strategic reserve could bolster U.S. financial technology leadership.
Patrick Witt, Executive Director, Presidentโs Council of Advisors for Digital Assets, confirmed the DOJโs verification of Bitcoin holdings under Executive Order 14233, directing retention rather than sale.
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