The U.S. government is implementing the Strategic Bitcoin Reserve (SBR) policy and exploring budget-neutral strategies to manage it. Bo Hines, the Executive Director on Digital Assets, suggests using gold certificates as a way to acquire more Bitcoin. These certificates are priced lower than actual gold, potentially enabling the government to profit when purchasing Bitcoin. The ...
A key cryptocurrency adviser from the White House revealed that the Trump administration is exploring ideas to enhance the U.S. Bitcoin holdings without raising the federal deficit. Bo Hines, leading the President’s Council of Advisers on Digital Assets, discussed potential budget-friendly strategies, including revaluing old gold certificates. Currently priced at $42.22 per ounce since the ...
The Trump administration is considering expanding its Strategic Bitcoin Reserve, with Bo Hines, head of the White House’s crypto council, exploring budget-friendly methods to acquire more Bitcoin. One proposal involves cashing in on the government’s gold certificates, which are undervalued compared to current gold prices, to fund Bitcoin purchases without impacting taxpayers. Hines emphasized the ...
Former US President Donald Trump aims to position the United States as a leader in Bitcoin, declaring it a “Bitcoin superpower” during a speech at the Digital Asset Summit. His administration implemented policies, like a proposed “strategic Bitcoin reserve,” to boost Bitcoin adoption. However, other major economies, including China and the European Union, are not ...
Michael Saylor, founder of a strategic initiative, has suggested that the U.S. government should aim to acquire up to 25% of Bitcoin’s total supply over the next decade. He believes this would benefit the nation as Bitcoin becomes increasingly valuable. Saylor presented his ideas at a recent White House Crypto Summit, emphasizing a “Never sell ...
In a groundbreaking move at the inaugural White House Crypto Summit, President Donald Trump declared that the U.S. will adopt the Bitcoin principle of “never sell your Bitcoin.” He announced the establishment of a Strategic Bitcoin Reserve to hold onto the nation’s Bitcoin assets, emphasizing a shift from past administrations that sold significant amounts. Trump ...
During the inaugural White House Crypto Summit on March 7, 2025, President Donald Trump declared a significant shift in the U.S. government’s approach to Bitcoin, stating that the country will no longer sell its Bitcoin holdings. Trump emphasized the creation of a Strategic Bitcoin Reserve to ensure the U.S. retains its Bitcoin assets. He also ...
Donald Trump is officially backing cryptocurrencies, hosting a notable meeting at the White House with key figures from the crypto world, including the Winklevoss twins and Bloomberg founder Michael Saylor. This represents a significant shift in policy, as his administration aims to “end the war on crypto”, marking a departure from the previous administration’s stricter ...
Mark Uyeda, the Acting SEC Chair, recently addressed the pause in investigations into crypto companies, emphasizing the need for regulation and technology independence, particularly in light of China’s influence in U.S. markets. Meanwhile, President Trump signed an executive order to create a Strategic Bitcoin Reserve, which will be funded by Bitcoin seized through legal actions, ...
Acting SEC Chair Mark Uyeda announced a pause in investigations into cryptocurrency companies, highlighting regulatory efforts and the impact of China’s activities in U.S. markets. Meanwhile, President Trump has signed an executive order to create a Strategic Bitcoin Reserve, aimed at preserving Bitcoin obtained from government forfeitures, which may total around 200,000 Bitcoin. This reserve, ...
