Bo Hines, Chairman of the Presidential Digital Asset Advisory Committee, stated in an interview with Bitcoin Magazine on April 29 that he believes the United States is in a position to become a global "Bitcoin superpower".
According to Crypto News on the 30th (local time), Bo Hines, Chairman of the Presidential Digital Asset Advisory Committee, revealed an optimistic view on the United States' cryptocurrency policy direction and Bitcoin's future. Hines told the media, "We are on the right path and positioned to become the world's Bitcoin superpower".
Hines, a former American football player, pointed to the cryptocurrency-focused executive order titled "Strengthening U.S. Leadership in Digital Financial Technology" issued by President Donald Trump on January 23 and the establishment of a strategic Bitcoin reserve as an indicator of cryptocurrency policy success.
Hines also indirectly criticized the SEC's previous regulatory approach through enforcement in the blockchain sector.
"This industry has been a victim of legal warfare unlike any other industry," Hines said, adding that what the sector was able to achieve despite such headwinds was "really quite remarkable".
Hines' remarks came ahead of the May 5 deadline for the U.S. Treasury to submit a report on the impact of the strategic Bitcoin reserve regarding legal and investment considerations.
This imminent deadline follows Trump's promise in the March 6 executive order to develop a strategic Bitcoin reserve and digital asset reserves from cryptocurrencies seized in criminal and civil forfeiture proceedings.
Bitcoin has seen a slight increase in value in recent days and is trading around $94,000, with a minor decline on Wednesday.
On Monday, BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded nearly $1 billion in inflows, which became an indicator of a potential economic fortress amid widespread concerns following Trump's controversial "Liberation Day" tariff announcement earlier this month.
Despite IBIT's success, it remains unclear how Bitcoin will perform in the coming months as broad cryptocurrency policy changes are expected to be implemented.
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