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White House digital-assets adviser Patrick Witt cited a recent exploit involving assets held by the U.S. Marshals as proof federal crypto holdings need safeguarding.\nWhat to know : An announcement is coming "in the next few weeks" on what the White House calls the Strategic Bitcoin Reserve, according to Patrick Witt, executive director of the President's Council of Advisors for Digital Assets. On a stage at Consensus Miami 2026, Witt cited a recent exploit involving digital assets held by the U.S. Marshals. He declined to disclose the size of federal crypto holdings, saying the priority is to “get our own house in order” first. Witt said the reserve still needs to be codified through legislation, citing Sen. Cynthia Lummis’s BITCOIN Act in the U.S. Senate and a House effort from Rep. Nick Begich.