US President Donald Trump’s crypto liaison confirms that the administration remains interested in creating a Bitcoin reserve despite this not having been mentioned in an upcoming crypto report.
“We do believe in accumulation,” Robert “Bo” Hines was the Executive Director of the US Presidential Council of Advisers on Digital Assets. In an interview on Crypto America on Tuesday, when asked to comment on the US Bitcoin strategic (BTC) reserve.
“We have it, it’s been established […] we also have the strategic national digital assets stockpile,” He saidBitcoins are a new addition to the world of digital currencies “a class of its own and everyone recognizes that.”
The administration also wants to, he said. “give credence” The work that is happening in other ecosystems but didn’t mention other digital assets and platforms
Hines stated that the building of the infrastructure requires time and effort to make sure it is done correctly and will have long-term benefits. “countless ways” We can also accumulate.
“I think that people will be very pleased with the direction that we are going, and we’ll start moving on that in short order,” He said.
Bitcoin Reserve not Found in White House Report
The President’s Working Group on Digital Asset Markets has released recommendations. “strengthen American leadership in digital Financial Technology” On Wednesday, the Strategic Bitcoin Reserve The word “no” was not used.
Related: Trump White House releases long-promised crypto report
Hines stated that, according to the report, the priority and focus was on creating a robust and clear regulatory framework.
“We understand the importance of the strategic Bitcoin reserve, we’re enormous fans of Bitcoin and the Bitcoin community, we want to deliver for them as well, and I’m certain that we will.”
Want as much BTC that we can get
Hines responded that the government of Canada has Bitcoins. “I can’t discuss that right now.”
“There are several reasons we’re not disclosing that right now, there might be a time when we do, but I will say we want as much as we can possibly get […] and we’re going to continue to work on that.”
You can also find out more about the following: US government holds Estimated 198,000 BTC valued at around $2.35 Billion according Nansen.
The President of the United States, Donald Trump signed the executive order In March, the Strategic Bitcoin Reserve (SBR) and US Digital Asset Stockpile were officially established.
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Source: cointelegraph.com
