Trump Administration Reaffirms Commitment to Strategic Bitcoin Reserve

The Trump administration remains committed to building a strategic Bitcoin reserve , despite only a brief mention in the latest digital asset policy report, according to a senior White House official. Robert “Bo” Hines, the executive director of the US President’s Council of Advisers on Digital Assets, reaffirmed the administration’s stance during an appearance on Crypto in America on Wednesday. “We do believe in accumulation,” Hines stated when asked about the reserve. “We have it, it’s been established,” he confirmed, adding that the U.S. also maintains a broader “strategic national digital assets stockpile.” Bitcoin, he noted, “is in a class of its own and everyone recognizes that.” While Hines stopped short of providing specifics about the amount of BTC the U.S. government currently holds, he emphasized the administration’s intent to expand its holdings. “There are several reasons we’re not disclosing that right now,” he said. “But I will say we want as much as we can possibly get.” A Bitcoin First Approach to Digital Assets According to Hines, the administration’s emphasis on BTC over other digital assets is intentional. “We want to give credence to other ecosystems,” he said, “but Bitcoin stands apart.” He added that the infrastructure to support such accumulation efforts takes time to develop and must be built for long-term success. President Trump’s executive order, signed in March , formally established both the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. Although the latest report from the President’s Working Group on Digital Asset Markets barely touched on the reserve, it did emphasize the importance of solidifying American leadership in digital finance through regulatory clarity. The reserve is viewed by the administration as a critical piece of financial strategy in a rapidly digitizing global economy. “I think that people will be very pleased with the direction that we are going,” said Hines. “We’ll start moving on that in short order.” What is the Government’s Accumulation Strategy? When pressed about current holdings, Hines declined to share figures, citing undisclosed reasons. Independent estimates suggest the U.S. government holds around 198,000 BTC, worth approximately $2.35 billion at current prices. Hines concluded by reinforcing the administration’s bullish stance: “We’re enormous fans of Bitcoin and the community. We want to deliver for them—and I’m certain that we will.” The post Trump Administration Reaffirms Commitment to Strategic Bitcoin Reserve appeared first on TheCoinrise.com .

Source: The Coin Rise