Robert “Bo” Hines, who serves as executive director of the President’s Council of Advisers on Digital Assets, has confirmed that the Trump administration still plans to build a national Bitcoin
Speaking during an interview on Crypto in America, Hines said that the US already has a digital asset stockpile in place, which includes Bitcoin. He explained that Bitcoin is seen as a separate category from other digital currencies and is treated accordingly by the administration.
Hines stated that setting up and growing the Bitcoin reserve will not happen overnight. According to him, the process involves time, effort, and proper infrastructure.
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He also pointed out that there are many ways the government could add to its Bitcoin holdings, but did not go into detail.
While the administration has not shared how much Bitcoin it currently holds, Hines said there are several reasons for keeping that information private.
When asked why the strategic reserve was not included in the administration’s recent crypto policy report, Hines said that the main focus of the report was building a solid regulatory foundation.
Though he acknowledged progress in other crypto projects, Hines did not name any specific networks or tokens. He said the administration wants to recognize innovation across the space but remains focused on Bitcoin for now.
Hines also expressed support for the Bitcoin community and said the administration is working to meet their expectations. He added that the public can expect progress on the reserve “in short order”.
Meanwhile, UK officials from the Home Office and the Treasury have considered selling over $7 billion in seized Bitcoin. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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