The US government is examining numerous options to fund America's Strategic Bitcoin Reserve without reaching into taxpayers' pockets, according to Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets.
"We're looking at many creative ways, whether it be from tariffs, there's literally countless ways in which you can do this," Hines explained during a recent interview with Professional Capital Management CEO Anthony Pompliano on April 14.
Among the innovative approaches, Hines revealed that the Treasury could potentially revalue its gold certificates from the outdated $43 per ounce to the current market price of approximately $3,200 per ounce. This accounting adjustment would create a paper surplus that could fund Bitcoin purchases without selling any physical gold.
"Everything is on the table, and like we've said, we want as much as we can get, so we're going to make sure that no stone is unturned," Hines emphasized.
🇺🇸 LATEST: Executive Director of Digital Assets Bo Hines said the US government may buy Bitcoin using tariff revenue. pic.twitter.com/Gfc2HiEJoL
— Cointelegraph (@Cointelegraph) April 15, 2025
Building the Foundation of America's Crypto Strategy
The initial Bitcoin Reserve will be established using assets forfeited in government criminal cases, providing a foundation while the administration develops budget-neutral strategies for acquiring additional Bitcoin.
Beyond the reserve itself, Hines shared that the White House is developing a comprehensive digital asset framework outlining how the US plans to support cryptocurrency innovation and promote US dollar stablecoins globally.
"It'll provide clarity on many aspects of this space, whether it be from tokenization to staking, all sorts of things," Hines said, adding that the Trump administration has been operating with startup-like speed to make America the "crypto capital of the world."
"We're moving at tech speed, it's like we're a startup in this building," Hines remarked. "We'll continue moving this along quite quickly."
The digital asset framework report Hines referenced is expected to be published in late July or August.
Unanswered Questions Remain
The interview did not address several controversial aspects of the administration's cryptocurrency involvement, including potential conflicts of interest surrounding the Official Trump (TRUMP) memecoin and the Trump family's business venture with World Liberty Financial.
I watched this interview in full.
— Pledditor (@Pledditor) April 14, 2025
Pomp didn't ask about:
1. How much Bitcoin the US government owns, and the internal audit the Trump administration told us that should have already been completed
2. Donald Trump's growing list of conflicts of interests in the cryptocurrency… https://t.co/bVnXBkCmK1
Last month, House Representative Gerald E. Connolly described the TRUMP token as a "money grab" that generated over $100 million in trading fees for Trump-linked entities. Similarly, Representative Maxine Waters criticized the memecoin launch as representing the "worst of crypto."
The White House's AI and crypto czar, David Sacks, has previously dismissed concerns, describing the TRUMP memecoin as merely a collectible.
Also notably absent from the discussion was any mention of whether the US had completed its internal audit of Bitcoin holdings, which was mandated to be completed within 30 days of President Trump's March 6 executive order establishing the Strategic Bitcoin Reserve.
HODL Team
