The Trump Administration wants to buy as much Bitcoin as possible

Bo Hines, executive director of the Presidential Working Group on Digital Assets, allegedly said at a closed-door roundtable

The Trump administration is interested in buying as much Bitcoin (BTC) as possible, according to an assertion made by Bo Hines, executive director of the Presidential Working Group on Digital Assets, at a closed-door roundtable hosted by the Bitcoin Policy Institute on Tuesday.

The crucial summit was held with key participants including Strategy co-founder Michael Saylor, MARA Holdings CEO Fred Thiel, Anchorage Digital CEO Nathan McCauley, Bitcoin Magazine CEO David Bailey, and three U.S. senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH).

And even though Trump maintains that federal and taxpayer money will not be used to replenish the U.S. cryptocurrency reserve, at one of the closed roundtables Bo Hines, executive director of the Presidential Working Group on Digital Assets, allegedly said that the administration wants to buy as much Bitcoin as possible, without specifying how much.

The statement, which was reported by CCN, contrasts with claims made by Trump himself, who previously stated that he is not interested in investing in Bitcoin, prefers the dollar, and sees no need to change anything.

However, this stance appears to be shifting, and several members of Congress are now actively working to introduce legislation that would enable the U.S. to accumulate BTC.

For instance, Senator Cynthia Lummis and Congressman Nick Begich have jointly reintroduced a bill to buy one million BTC for a strategic crypto reserve, an initiative that was launched last year.

In their joint op-ed in the Hill, Lummis and Begich don’t argue with Donald Trump’s position but instead highlight the bipartisan support for this measure, mentioning 16 sponsors in the House and seven in the Senate.

Moreover, they point out that the House Financial Services Committee voted overwhelmingly to mandate a U.S. government report on a national strategy for digital assets, which aligns with the thinking of Lummis and Begich.

According to them, this strategy should include recommendations for the optimal composition of the U.S. government’s crypto portfolio, considering both Bitcoin and other digital assets.

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