15.04.2025 10:32
The U.S. is exploring alternative methods to strengthen its Strategic Bitcoin Reserve without using taxpayer money. Bo Hines, the executive director of the White House crypto council, stated that the government is considering "countless" options, such as reevaluating gold certificates and utilizing tariff revenues.
The U.S. is developing creative solutions to finance the Strategic Bitcoin Reserve established by an executive order issued by the Donald Trump administration in March. Bo Hines, the executive director of the Presidential Advisory Council on Digital Assets, emphasized in an interview with Anthony Pompliano, CEO of Professional Capital Management, on April 14 that the government would "leave no stone unturned" to increase the Bitcoin reserve. It was stated that the reserve would primarily consist of seized assets from criminal cases and would be expanded over time. Hines added that efforts to make America the "crypto capital of the world" are progressing rapidly.
The Strategic Reserve Will Initially Consist of Seized Assets
The Treasury Department's strategy to reassess gold certificates stands out as an innovative solution to strengthen the Bitcoin reserve. Bo Hines explained that if these certificates, currently valued at $43 per ounce, were updated to the current market price of $3,200, it could create a paper surplus for Bitcoin purchases without selling gold.
The Strategic Bitcoin Reserve will consist of assets seized in government criminal cases in its initial phase. This approach will not impose additional burdens on the budget while creating the reserve. At the same time, the government will develop budget-neutral strategies to expand the reserve.
In the interview, Hines also announced that the White House is working on a comprehensive digital asset framework. This framework will determine how the U.S. will support crypto innovation and promote U.S. dollar stablecoins worldwide. The report is expected to provide clarity on issues such as tokenization and staking and to be published by the end of July or in August.
The Trump administration's initiatives in the crypto space are progressing rapidly. Hines stated that the work in this area is being conducted "at the speed of technology" and "like a startup." The administration's goal is to make America the center of the crypto world.
The interview did not address potential conflicts of interest regarding Donald Trump's involvement in the crypto space. The criticisms from House representatives Gerald E. Connolly and Maxine Waters regarding the TRUMP token and concerns about the Trump family's collaboration with World Liberty Financial were not raised. Additionally, the issue of the internal audit of Bitcoin assets that the U.S. must complete within 30 days was also not questioned.