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CryptoIntelligence 2025-03-19 09:02:20

Trump Administration Sheds Light on Plans to Buy Bitcoin for US Strategic Reserve

Trump Administration Sheds Light on Plans to Buy Bitcoin for US Strategic Reserve

The Trump administration is making significant moves in the digital asset space, with a strategic focus on acquiring Bitcoin through innovative financial approaches that avoid impacting taxpayers. Bo Hines, the executive director of the Presidential Council of Advisers for Digital Assets, outlined these plans during a panel discussion at Blockworks’ Digital Asset Summit 2025. Bitcoin’s Status as a Commodity A key aspect of the administration’s policy is the recognition of Bitcoin as a commodity rather than a security. Hines emphasized Bitcoin’s unique qualities, distinguishing it from other digital assets. “Bitcoin, it’s not a security, it’s a commodity. It has intrinsic stored value, it’s traditionally accepted. It has, as David likes to describe, the immaculate conception. There’s no issuer,” Hines stated. This stance aligns with the administration’s broader objective of fostering innovation while ensuring Bitcoin remains a crucial part of the country’s financial strategy. Budget-Neutral Approach to Bitcoin Acquisition One of the administration’s top priorities is acquiring Bitcoin without adding to the financial burden on taxpayers. Hines revealed that the strategy involves collaboration between the Crypto Council, the Treasury, and the Secretary of Commerce to identify viable acquisition methods. When asked about the scale of their Bitcoin acquisition plans, Hines compared it to a country’s approach to gold reserves. “That’s like asking a country, how much gold do you want? Right? I mean, as much as we can get,” he remarked. Stopping Liquidation of Government-Seized Bitcoin In addition to acquiring more Bitcoin, the administration is also taking steps to prevent further liquidation of government-seized digital assets. Treasury Secretary Scott Bessent, a known advocate for Bitcoin, discussed this issue in a recent interview with CNBC’s Squawk Box , stating that the administration’s first priority is halting the sale of seized Bitcoin. Bessent further elaborated that once this policy is in place, the government will explore additional methods to increase its Bitcoin holdings, signaling a long-term commitment to integrating the cryptocurrency into the national financial landscape.

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