Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
BitcoinSistemi 2025-03-22 07:32:07

White House Cryptocurrency Official Talks About US Bitcoin Reserve and Potential for New BTC Purchases

White House Cryptocurrency Official Talks About US Bitcoin Reserve and Potential for New BTC Purchases

In a significant policy development, White House Crypto Task Force Executive Director Bo Hines provided insight into the administration’s approach to Bitcoin (BTC) accumulation and its broader strategy for digital asset reserves. Speaking on the subject, Hines stated that the administration is determined to fulfill its election campaign promises, especially in the establishment of the Strategic Bitcoin Reserve (SBR). According to Hines, the initiative aims to acknowledge Bitcoin’s unique characteristics while also embracing innovations in the broader digital asset space. “We wanted to make sure we did it right in a way that respected Bitcoin for what it is uniquely, but also gave credence to innovations in the digital asset space and other areas,” he said. Hines supported the administration’s view that Bitcoin is not a security but a commodity with intrinsic stored value, similar to digital gold. Noting its decentralized nature, Hines described Bitcoin as having a “seamless concept” with no central issuer. Related News: Critical SEC Cryptocurrency Meeting Ends - Here's What Was Discussed and the Outcome On the subject of purchasing, Hines expressed the administration’s intention to accumulate Bitcoin through budget-neutral mechanisms that would not impose additional costs on taxpayers. “We talked about ways to acquire more Bitcoin through budget-neutral means that would not cost the taxpayer a dime,” he said. The administration has also considered diversifying its digital asset holdings beyond Bitcoin. The White House’s separate holdings include Ethereum (ETH), XRP (XRP), Cardano (ADA), and Solana (SOL), signaling broader acceptance of the evolving crypto landscape. *This is not investment advice. Continue Reading: White House Cryptocurrency Official Talks About US Bitcoin Reserve and Potential for New BTC Purchases

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
418
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.