US President Donald Trump’s Executive Director for Digital Assets, Bo Hines, announced that the administration is exploring ways to acquire Bitcoin in a budget-independent manner and touched on the importance of BTC as a strategic commodity for the US. Speaking about the administration’s approach to digital assets, Hines said President Trump has remained committed to policies that encourage Bitcoin and other innovations in the industry. He noted the administration’s efforts to establish the Strategic Bitcoin Reserve (SBR), a move that aims to position the U.S. as a leader in the digital asset space. “We delivered on the promises the President made on the campaign trail,” Hines said. “The President was committed to building the SBR in a way that respects the uniqueness of Bitcoin and fosters innovation in the digital asset industry.” Hines also noted that the administration views Bitcoin as a commodity rather than a security, citing BTC’s inherent stored value and decentralized nature: “As you saw in the executive order, we compared Bitcoin to digital gold. It is imperative that the United States acquire, maintain, and continue to build Bitcoin reserves.” Related News: How Will Solana (SOL) ETFs Affect SOL If Approved? Analysts Make Unexpected Statement One of the key takeaways from Hines’ comments was that the administration is focused on acquiring Bitcoin without burdening taxpayers. “We’ve talked about ways to acquire more Bitcoin in budget-neutral ways that don’t cost taxpayers a dime,” he said. “It’s high time our president started saving the American people’s wealth instead of taking it away from them.” Hines also expressed the administration’s intention to work with the Treasury Department and the Commerce Secretary to identify ways to efficiently grow Bitcoin holdings. Hines likened Bitcoin holdings to a country’s gold reserves, saying: “How much do we want? That’s like asking a country how much gold they want. The answer is: the most we can get.” *This is not investment advice. Continue Reading: Donald Trump’s Advisor on Cryptocurrencies Speaks, Answers the Question of How Much Bitcoin They Will Buy
