![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
U.S. Aims to Dominate Bitcoin Frontier in Global Digital Race
May 01, 2025 at 05:46 am
The U.S. government has begun positioning Bitcoin not just as a financial asset but as a cornerstone of national strategy
The U.S. government has begun positioning Bitcoin not just as a financial asset but as a cornerstone of national strategy, viewing its accumulation through the lens of global competition.
In an interview withDecrypt, Bo Hines, who leads digital asset policy efforts within the administration, outlined the goal: to secure a leadership role in what he describes as a “new digital arms race.”
Rather than continuing the adversarial stance seen in previous years, the current administration is aggressively rewriting the federal crypto playbook. Legal threats from agencies like the SEC are being scaled back, and the government is laying the groundwork for favorable banking rules and legislative clarity.
Hines characterized the first 100 days as a shift from punishment to progress.
At the heart of this shift is a federal push to acquire Bitcoin—which officials see as “digital gold”—through the formation of a Strategic Bitcoin Reserve. How much the U.S. intends to hold is purposely vague; the logic is simple: gather as much as feasible, without disrupting the budget.
Hines hinted at creative financial strategies being developed by Treasury and Commerce to make that happen.
“We’re thinking about how to do it in a way that is consistent with the president's economic agenda and doesn't disrupt anything in terms of the budget and the priorities that we have for the American people,” he said.
But this isn’t just about owning Bitcoin—it’s about outpacing other nations. The administration sees hash rate dominance, self-custody infrastructure, and digital reserves as key indicators of sovereignty in the digital age—comparable to satellites and launch pads during the Cold War.
“We want to be clear: the president is focused on winning the long-term competition with China and other countries to deter aggression, promote stability, and ensure a free and open economic system in the digital age,” Hines added.
Much of the current momentum, Hines noted, stems from drawing top tech minds into government. Venture figures like Y Combinator’s president, who is advising the White House on AI, and former Meta executives, who are helping shape Web3 policy, are now bringing a startup mentality to federal programs.
Plans are unfolding in three stages: first, cut red tape and end hostile regulation; second, pass market and stablecoin legislation before Congress’s August recess; third, begin integrating blockchain into everyday payments—potentially one of the defining achievements of this administration.
Meanwhile, agencies are finalizing a six-month policy report ordered by the President to align federal departments under a unified crypto framework. This includes audits of existing government-held Bitcoin and internal discussions on how to acquire more—possibly through mining tied to national energy resources.
Despite the urgency, privacy remains a consideration.
Hines argued that blockchain’s transparency makes it ill-suited for illicit use, while also emphasizing the importance of user anonymity and wallet self-control.
If the U.S. moves quickly, he believes it could cement its status as the global leader in digital assets. But this is a race—and other nations are watching.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- Coinbase Expands Bitcoin-Backed Loans to the United States, Opening Instant Liquidity Without Triggering Taxable Events
- May 01, 2025 at 09:10 am
- Crypto exchange Coinbase (Nasdaq: COIN) announced on social media platform X on April 30 that its bitcoin-backed loan service is now fully available to eligible customers across the United States, excluding New York.
-
-
- Market sentiment remains cautious ahead of the May 7 Ethereum Pectra upgrade, but optimism is beginning to return
- May 01, 2025 at 09:05 am
- Traders remain cautious about ETH's price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment.
-
-
-
- Trade War and U.S. Debt Are the Economy's Top Threats, Say Federal Reserve Survey
- May 01, 2025 at 09:00 am
- A Federal Reserve survey naming the trade war and U.S. debt as the economy's top threats has prompted veteran investor Clem Chambers to warn of an overlooked supply-chain squeeze that could jolt markets.
-
- Despite Discouraging GDP Report, Bitcoin Holds Its Value and Hits a New ATH in Argentina
- May 01, 2025 at 08:55 am
- The US Bureau of Economic Analysis (BEA) released its PCE and GDP reports for Q1 2025 today. Despite this discouraging signal, Bitcoin has held up rather well, even hitting a new all-time high in Argentina.