A post by @WuBlockchain on X.

Patrick Witt, former executive director of the White House Crypto Council, said in a November 10, 2026 interview with What Bitcoin Did that the U.S. government once stored cold wallets in drawers, describing its security practices as hard to believe. The remarks point to how far institutional custody of digital assets has come since the early days of government-held bitcoin. Witt's account underscores the operational gaps that preceded today's more formal custody arrangements. The comments come as U.S. agencies continue to refine how they hold and manage seized crypto assets. What to watch next is whether those custody standards are formalized further as government holdings and oversight expand.