The United States is investigating various avenues to bolster its Bitcoin reserves without utilizing taxpayer money, such as leveraging tariff revenue and reevaluating the government’s gold certificates, as stated by the executive director of the Trump administration’s crypto council.
“We’re exploring numerous innovative methods, including tariffs; there are virtually limitless ways to achieve this,” remarked Bo Hines of the Presidential Council of Advisers for Digital Assets during a recent conversation with Professional Capital Management CEO Anthony Pompliano.
Hines indicated that the Treasury could adjust the valuation of its gold certificates from $43 per ounce to the current market price of $3,200 per ounce, thereby creating a paper surplus to facilitate Bitcoin acquisitions without the need to sell gold.
“Everything is on the table, and as we’ve mentioned, we will pursue as much as we can, ensuring that no stone is left unturned,” Hines expressed in the interview aired on April 14.
🇺🇸 LATEST: Executive Director of Digital Assets Bo Hines stated that the US government may acquire Bitcoin using tariff revenue. pic.twitter.com/Gfc2HiEJoL
The initial Bitcoin Reserve will be composed of assets seized in government criminal cases, allowing the government to devise budget-neutral strategies for accumulating more Bitcoin.
In the interview, Hines mentioned that the White House is also working on a digital asset framework to outline how the US intends to support cryptocurrency innovation and promote US dollar stablecoins globally.
“It will clarify numerous aspects of this space, ranging from tokenization to staking, among other topics,” Hines noted, adding that the Trump administration is rapidly advancing towards establishing America as the “crypto capital of the world.”
“We’re progressing at tech speed; it feels like we’re a startup in this building,” Hines said. “We will continue to push this forward at a swift pace.”
The report that Hines referred to is anticipated to be released in late July or August.
No mention of Trump’s crypto ventures
Hines was not questioned about some of Trump’s potential conflicts of interest in the crypto sector, including the contentious Official Trump (TRUMP) memecoin and the Trump family’s collaboration with World Liberty Financial — concerns raised by the opposing party.
I watched this interview in full.
Pomp didn’t inquire about:
1. The quantity of Bitcoin owned by the US government and the internal audit that the Trump administration previously indicated would be completed
2. Donald Trump’s expanding list of conflicts of interest in cryptocurrency… https://t.co/bVnXBkCmK1
Last month, House Representative Gerald E. Connolly described the TRUMP token as a “money grab,” claiming that Trump-associated entities profited over $100 million in trading fees.
Representative Maxine Waters also condemned Trump’s memecoin on January 20, characterizing it as a rug pull and asserting that its launch exemplified the “worst of crypto.”
David Sacks, the White House’s AI and crypto czar, stated that the TRUMP memecoin was merely a collectible.
Additionally, Hines was not asked if the US had completed an internal audit of its Bitcoin (BTC) holdings — a task initially intended to be finished within 30 days following President Donald Trump’s March 6 executive order that established the Strategic Bitcoin Reserve.
