finance
White House Official Announces Bitcoin Strategic Reserve Timing
A White House official stated that an announcement on a Bitcoin Strategic Reserve will come within weeks. The comment comes amid separate news that Federal Reserve Chairman Jerome Powell will remain on the board until 2028 after surrendering the chairmanship. In Mississippi, the House speaker announced a select committee will study redistricting ahead of the 2027 legislative session.
May 6, 5:29 PM·1m read3 sources
WA
techjuice.pkAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
White House official Patrick Witt said a Bitcoin Strategic Reserve announcement is coming within weeks. The statement, first reported on May 7, 2026, provides the administration’s initial specific timing on the reserve plan.
The comment circulated on social media that day alongside two unrelated developments. Federal Reserve Chairman Jerome Powell is required by law to step down at the end of his term. President Donald Trump agreed to drop a lawsuit against Powell that had challenged funding for a new Federal Reserve building estimated at $2 billion and located near the White House.
In Mississippi, House Speaker Jason White said the chamber will consider redistricting during the 2027 legislative session. White’s announcement addresses court pressure to redraw congressional and legislative maps. The speaker formed a select committee to study the issue in advance of that session.
The decision indicates lawmakers do not plan to redraw maps during a special session on court-ordered redistricting scheduled for later this month.
The three developments surfaced on the same day but address unrelated policy areas.
