Source: KitcoSenator Cynthia Lummis’ proposed BITCOIN Act of 2025 lists “Federal Reserve System gold certificates” as one source of funding for Bitcoin purchases. The bill requires that Fed banks “tender all outstanding gold certificates in their custody to the Treasury Secretary” so that the secretary can issue new certificates “that reflect the fair market value price of the gold held against such certificates by the Treasury.”Hines said he’s open to any ideas about how to grow the reserve, so long as it “doesn’t cost the taxpayer a dime.” That’s the crux of budget-neutral strategies for acquiring Bitcoin laid out in President Donald Trump’s March 6 executive order. “With all the inter-agency working group actors that will convene in these meetings, I mean, we’re going to hear some tremendous ideas about how we can do it.
The Trump administration appears poised to grow its Strategic Bitcoin Reserve after the White House’s crypto council head suggested budget-neutral ways for acquiring the digital asset. “There’s been countless ideas” about how the government can acquire more Bitcoin (BTC), Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said in an interview with the Crypto in America podcast. Bo Hines said the crypto council is open to creative ways to build the government’s Strategic Bitcoin Reserve.
Source: BitboRelated: US stablecoin bill likely in ‘next 2 months’ — Trump’s crypto council headBitcoin’s special statusDuring the interview, Hines reiterated Bitcoin’s special status, suggesting that the White House crypto council was treating the strategic reserve and digital asset stockpile very differently. “The reason we structured the [Strategic Bitcoin Reserve] the way we did is because Bitcoin is different.
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