Trump’s Digital Asset Council Eyes Bitcoin Reserve Expansion
bo Hines, the executive director of trump’s presidential council on digital assets, supports the White House’s stance on Bitcoin. He spoke about this at a New York event organized by Blockworks on March 18.
President Donald trump signed two Executive Orders to regulate digital assets and create a Bitcoin reserve. The first order, issued on January 20, aims to fulfill campaign promises to the crypto community. The second, on March 6, authorized an audit of the U.S.’s current Bitcoin holdings, estimated at around 200,000 tokens. The order also explores “budget neutral” strategies for potential Bitcoin purchases.
Hines emphasized the importance of maintaining and growing the nation’s digital gold reserves. Bitcoin is ofen called digital gold because it stores value like physical gold. Hines said the U.S. should “have,retain,and build on” its BTC holdings. He compared acquiring more BTC to a country’s desire for gold.
The U.S. is the world’s largest BTC holder. However, this could change due to a Department of Justice filing. If a judge approves a motion to return 95,000 BTC stolen from Bitfinex, the U.S. might lose its top spot to China.
These moves align with the White House’s plan to leverage Bitcoin as a store of value. The U.S. currently holds Bitcoin from criminal seizures, including Silk Road and Bitfinex cases. If 95,000 BTC is returned to Bitfinex in 2026, the U.S. could become the second-biggest sovereign BTC holder.
Trump’s governance is actively looking into acquiring more BTC. The U.S. holds about 200,000 tokens. The DOJ suggested returning some seized BTC, which could impact the country’s BTC wealth. the U.S. aims to fulfill campaign promises to the crypto voting block.The White House sees BTC as a valuable asset. The U.S. wants to buy more BTC without straining the national deficit.
Hines stressed the importance of Bitcoin as digital gold. he believes in acquiring as much BTC as possible. The U.S.is the world’s largest BTC holder. But, the DOJ’s motion could change this. The U.S. wants to keep its position as a leading BTC holder. The White House sees BTC as a valuable asset. The U.S. plans to audit current holdings and possibly buy more.
These moves show the U.S.’s commitment to digital assets. The country’s position may shift if the DOJ’s motion is granted. The U.S. aims to strengthen its digital asset framework.The country’s BTC holdings come from criminal seizures.The White House sees BTC as a strategic asset. The U.S. wants to leverage BTC’s value without hurting the national deficit.
For more, check <a href="https://twitter.com/BitcoinMagazine/status/1902046182173446627. The U.S. wants to lead in the crypto space.The White House views BTC as a strategic asset. The U.S. wants to lead in the crypto market. The White House sees BTC as a key part of its digital asset strategy.
- Trump signed orders for a regulatory framework.
- The U.S. plans to audit current holdings.
- The White House views BTC as a crucial part of its digital asset strategy.
