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The White House is reportedly considering the creation of a U.S. Bitcoin Reserve, backed by gold reserves and revenue generated from tariffs. This move comes as part of a broader effort to establish America as the “crypto capital of the world,” according to Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets.
Hines made these remarks during an interview with investor Anthony Pompliano, in which he discussed various creative methods for funding the Strategic Bitcoin Reserve. According to Hines, the administration is examining alternative government revenue streams and has identified a few innovative approaches that would allow it to accumulate Bitcoin without reallocation of current assets.
One possible avenue for generating funds could be through tariffs imposed on foreign goods. “We’re looking at many creative ways, whether it be from tariffs, whether it be something else,” Hines said in the interview. He emphasized that this approach would not require any revaluation or redistribution of existing government funds.
Another idea gaining traction involves the revaluation of gold certificates held by the U.S. Treasury. These certificates are currently valued at a historical price significantly lower than their current market rate. By updating the valuation to around $3,200 per ounce (the current market price), the Treasury could create a paper surplus that would be redirected toward Bitcoin purchases without needing to sell any physical gold.
While many of these proposals are still subject to approval from Congress, Hines emphasized that the administration is committed to acquiring as much Bitcoin as possible. Interestingly, officials have decided to utilize Bitcoin seized through criminal and civil forfeiture cases to initially fund the reserve, which they claim would not burden taxpayers.
Beyond this initiative, officials are also exploring budget-neutral strategies for expanding the reserve. These methods include internal portfolio rebalancing and generating new external revenue streams.
The White House is additionally working on finalizing a national digital asset framework. This framework aims to clarify federal policy on key issues such as tokenization, staking, and stablecoin development. According to Hines, establishing America as the leader in the crypto space is crucial for its economic prosperity and will be one of President Trump’s most enduring legacies.
In his opinion, traditional banking systems are outdated due to delays, hidden fees, and a lack of transparency. He believes that blockchain technology and digital assets can solve these issues by providing faster and more cost-effective transactions while also promoting greater financial transparency.
The administration’s focus on blockchain and digital assets reflects President Trump’s campaign promise to make America the “crypto capital of the world.”
Source: https://cryptopotato.com/white-house-mulls-bitcoin-reserve-backed-by-gold-and-tariffs/
