On November 11, 2026, ChainCatcher reported comments Patrick Witt made in an interview about US government Bitcoin policy. The points below are as reported at that time; they are not a later update.
Witt said the US Treasury had discussed several potential ways to acquire Bitcoin: revaluing gold reserves, using the Exchange Stabilization Fund, converting other assets, and collecting taxes and fees in Bitcoin. He said those options still require further legal analysis. They were described as discussions, not as adopted or effective rules.
Bitcoin held by US government agencies was undergoing a second round of verification to improve the accuracy of the data. Whether specific holding amounts would be made public had not been decided.
The Treasury was also building a Bitcoin custody framework that may combine self-custody with third-party custody.
Separately, no one will be appointed Executive Director of the White House Crypto Council. Related duties will be shared by the White House Office of Legislative Affairs, the White House Counsel’s Office, and other departments.
Original report: ChainCatcher, published November 11, 2026, 18:01 (UTC+8).
