Patrick Witt: US Government Previously Kept Cold Wallets in Drawers; Security Management Incredible On November 10, 2026, Patrick Witt (@patrickjwitt), former executive director of the White House Digital Asset Advisory Council, stated in an interview with What Bitcoin Did (@_DannyKnowles) that some US government agencies had previously kept cold wallets in drawers. The US Treasury Department is pushing forward with the establishment of a custody mechanism, and streamlining custody arrangements is a prerequisite for discussing increasing Bitcoin holdings or converting other assets into Bitcoin. The US government is conducting a second round of holdings inventory to verify data and continuously track holdings; whether to publicly disclose holding figures remains to be decided. Source: What Bitcoin Did