Summary
- The White House reported that it is focusing on securing as much Bitcoin as possible.
- It was stated that Bitcoin purchases would proceed without burdening the government budget and without tax expenditures.
- The amount of Bitcoin that the U.S. government will ultimately secure was not specified.
The Donald Trump administration appears to be committed to securing as much Bitcoin (BTC) as possible.
According to Decrypt on the 14th (local time), Bo Hines, chairman of the White House Virtual Asset (Cryptocurrency) Advisory Committee, recently said in a private meeting with industry leaders that "the White House is focusing on securing as much Bitcoin as possible."
When a meeting participant asked how much Bitcoin the U.S. government would ultimately purchase, Hines reportedly said it was "like asking how many dollars you want."
In response, a White House official told Decrypt, "While Hines did make that statement, he said that Bitcoin purchases would proceed without burdening the government budget and without tax expenditures."
Suehyeon Lee
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