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Cryptocurrency News Articles
Presidential Crypto Advisory Committee Head Bo Hines Highlights Ways the United States Could Improve Its Bitcoin (BTC) Reserves
Apr 19, 2025 at 03:55 am
This comes on the heels of positive developments around digital asset regulation in the country. President Trump's crypto team is doubling efforts to achieve his campaign promises for the market.
President Trump's crypto advisory committee is exploring ways for the U.S. to increase its Bitcoin (BTC) reserves, according to the head of the committee, Bo Hines.
This follows positive developments around digital asset regulation in the country, as President Trump's team is focused on achieving his campaign promises for the market.
President Trump's crypto advisory committee is exploring ways for the U.S. to increase its Bitcoin (BTC) reserves, according to the head of the committee, Bo Hines.
This follows positive developments around digital asset regulation in the country, as President Trump's team is focused on achieving his campaign promises for the market.
Speaking with Anthony Pompliano of Professional Capital Management, Hines said that the President's advisory team is considering creative methods to boost the country's Bitcoin reserves.
This follows President Trump's executive order for the creation of the Strategic Bitcoin Reserve, which mandated Federal agencies to disclose their BTC holdings and a 180-day window to provide recommendations.
The White House advisor noted that they will be presenting a comprehensive work, but there are several ways to acquire more of the top crypto.
"We're looking at many creative ways, whether it be from tariffs, there's literally countless ways in which you can do this. Everything is on the table, and like we've said, we want as much as we can get, so we're going to make sure that no stone is unturned. We're moving at tech speed, it's like we're a startup in this building. We'll continue moving this along quite quickly."
The country is currently exploring ways to increase tariff revenue and add it to its reserves. Recently, President Trump announced sweeping, country-based tariffs. Although special tariffs were reversed after it jolted the markets, the White House increased figures for China and maintained the 10% increase across the board.
Apart from tariffs, the administration plans to revalue the country's gold certificates. The gold will be valued at the market price of $3,200 per ounce rather than $43 per ounce. This will create a paper surplus to fund new asset purchases. A notable effect is that the surplus could be released without Congressional appropriations.
Hines added that the U.S. needs to buy more Bitcoin to maintain its global leadership or risk falling behind other nations. This is part of President Trump's vision to make the country the global capital for Bitcoin and Artificial Intelligence (AI).
So far, the Trump administration has taken several steps, including establishing a crypto task force to attract investors. The President also appointed pro-crypto experts to key positions, contrasting with the previous government. At the moment, the U.S. government holds 192,012 BTC.
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