At a press conference of the Senate Banking Committee, White House cryptocurrency advisor Bo Hines confirmed that the U.S. government is preparing the infrastructure for the creation of a Federal Bitcoin Reserve – this is the first significant update in several weeks.
The full inventory of BTC held by federal institutions has already been completed, paving the way for their consolidation within the new reserve. Hines emphasized that the accumulation will take place in a budget-neutral manner, using 'creative solutions' to increase the state BTC resource as quickly as possible.
Although the main topic of the conference was regulatory proposals such as the GENIUS Act, work on the Bitcoin Reserve infrastructure remains a priority for the White House. The update confirms that the project has not been abandoned and is actively being developed despite other legislative challenges.