Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets, announced the Trump administration’s intention to aggressively purchase Bitcoin.
Hines, speaking at Blockworks’ Digital Asset Summit 2025 panel, indicated these acquisitions would utilize budget-neutral strategies, ensuring no taxpayer burden.
Hines explained that President Trump prioritized establishing the SBR, intending to properly recognize Bitcoin’s unique nature while also acknowledging innovation in the digital asset space.
The administration categorizes Bitcoin as a commodity, not a security. They highlight its inherent stored value and conventional acceptance.
Trump Crypto Dominance
Hines quoted David Sacks, stating Bitcoin’s “immaculate conception” and absence of an issuer, to emphasize Bitcoin’s distinct commodity status.
Hines, appointed by President Trump to head the Crypto Council, collaborates with David Sacks, the White House’s crypto and AI lead.
Their goal is to support crypto sector innovation and growth, considered “imperative for the United States to have, retain, continue to build on,” by Hines, who compared Bitcoin’s role to that of gold.
Hines mentioned the administration’s focus on budget-neutral Bitcoin acquisition methods that do not increase taxpayer costs.
He detailed that Trump’s Crypto Council is working with the Treasury and Commerce Secretary to determine practical acquisition methods.
Regarding acquisition goals, Hines likened it to asking about desired gold reserves, suggesting the administration aims to acquire “as much as we can get.”
Strategic Bitcoin Accumulation Confirmed by Official
Treasury Secretary Scott Bessent, a known Bitcoin proponent, confirmed ongoing Bitcoin acquisition discussions in a CNBC Squawk Box interview earlier in March.
Bessent said the immediate priority is preventing further government liquidation of seized Bitcoin.
Bessent further noted that after halting seized Bitcoin sales, the administration will explore methods for additional Bitcoin purchases.
While the focus is on Bitcoin, Bessent added the initiative seeks to establish a broader crypto reserve.
Also Read: Bitcoin Pepe Gains as Risk Aversion Hurts Bitcoin, Dogecoin
