The Trump administration is exploring ways to expand its Strategic Bitcoin Reserve without burdening taxpayers. Bo Hines, executive director of the President's Council of Advisers on Digital Assets, mentioned on a podcast that the government is considering realizing gains on gold certificates, currently valued at $42.22 per troy ounce compared to spot gold's $3,000+ value, as a budget-neutral approach. Senator Cynthia Lummis' BITCOIN Act of 2025 proposes using Federal Reserve System gold certificates to fund Bitcoin purchases. The US government currently holds approximately 207,000 BTC seized in criminal and civil proceedings, making it the largest known Bitcoin holder among nation-states. Hines emphasized Bitcoin's unique status as a commodity, distinguishing it from other digital assets in the stockpile. Bipartisan cooperation is also advancing cryptocurrency legislation, with a stablecoin bill and crypto market structure bill potentially passing this year.
Trump Administration Eyes Expanding Strategic Bitcoin Reserve Through Budget-Neutral Strategies
Edited by: Yuliya Shumai
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