US Administration Confirms Commitment to Strategic Bitcoin Reserve
- Robert “Bo” Hines, director of the US President’s Council of Advisers on Digital Assets, stated that the administration supports a strategic Bitcoin reserve.
- The Strategic Bitcoin Reserve was not mentioned in the recent report by the President’s Working Group on Digital Asset Markets.
- Hines confirmed that the US government currently holds approximately 198,000 BTC, valued at around $2.35 billion.
- President Trump signed an executive order establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile in March.
- Hines emphasized the importance of building a robust regulatory framework for digital assets.
Despite its absence from the latest policy report, Hines reiterated that accumulating Bitcoin remains a priority for the administration as they work towards a clear regulatory framework for digital assets.
The US government’s current holding of approximately 198,000 BTC highlights its commitment to enhancing its strategic reserves in this asset class. (Source)
