The Trump administration is reportedly exploring creative ways to build up Bitcoin (BTC) reserves without tax burden. Bo Hines, the executive director of the Cryptocurrency Presidential Advisory Committee, revealed in an interview that the government could acquire Bitcoin by utilizing customs revenue and revaluing gold reserves.
Hines emphasized in a recent discussion with Anthony Pompliano, CEO of Professional Capital Management, that "there are numerous methods beyond customs revenue" and that they will "keep all possibilities open to secure Bitcoin".
Specifically, he explained that if the Treasury revalues gold certificates currently valued at $43 per ounce to the market price of approximately $3,200 (about 4.67 million won), they could acquire Bitcoin through book profits without selling gold.
This plan is being pursued as part of the 'Strategic Bitcoin Reserve' established by the presidential executive order issued on March 6th. The initial reserve will be formed from assets seized through criminal cases, with plans to subsequently acquire additional Bitcoin assets through fiscally neutral methods.
Hines also disclosed that the Trump administration is developing a digital asset policy framework to make the United States a 'cryptocurrency-centric country'. He stated they will "provide clear guidelines across various areas from tokenization to staking", with the white paper expected to be released by late July or early August.
The interview did not mention the Trump family's cryptocurrency-related ventures, particularly the TRUMP meme Token or the partnership with private company World Liberty Financial, which have faced criticism within the Republican Party. Previously, Representative Gerald Connolly criticized the TRUMP Token as a "means of monetization", and Representative Maxine Waters pointed out that its launch reveals negative aspects of the cryptocurrency market.
Separately, the government's Bitcoin holdings and audit details were not discussed. While the President issued an executive order in March instructing an internal audit of government Bitcoin holdings within 30 days, the progress has not yet been disclosed.
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