Trump’s Crypto Council Reveals Bold Plan to Expand Bitcoin Reserves
Without using taxpayer dollars, the US is looking into several ways to expand its Bitcoin reserves. These strategies include revaluing the government’s gold certificates and using tariff income, according to the executive director of the Trump administration’s crypto council. Bo Hines of the Presidential Council of Advisers for Digital Assets spoke on the topic in a recent interview with Anthony Pompliano, CEO of Professional Capital Management.
We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this,
Hines
According to Hines, gold certificates valued at $43 an ounce might be revalued by the Treasury to the $3,200 market price. He suggested that instead of selling gold, a surplus of paper could be produced to fund Bitcoin purchases.
Everything is on the table, and like we’ve said, we want as much as we can get, so we’re going to make sure that no stone is unturned,
Hines
Trump Administration Plans Budget-Neutral Bitcoin Expansion With Confiscated Funds
The government will be able to create budget-neutral plans for acquiring more Bitcoin, but the Bitcoin Reserve will initially consist of assets confiscated in criminal cases. According to Hines, the White House is also creating a framework for digital assets that will outline how the US intends to encourage crypto innovation and advance US dollar stablecoins globally. He went on to say that the Trump administration has been working quickly to transform America into the global center of cryptocurrency.
It’ll provide clarity on many aspects of this space, whether it be from tokenization to staking, all sorts of things. We’re moving at tech speed, it’s like we’re a startup in this building. We’ll continue moving this along quite quickly.
Hines
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