The US president Donald Trump’s cryptocurrency liaison confirmed the administration still wants a Bitcoin strategic reserve, even though it was not mentioned in the recently released crypto policy report.
“We do believe in accumulation,” Robert “Bo” Hines, executive director of US President’s Council of Advisers on Digital Assets said during an interview on Crypto In America on Wednesday that the US has a strategic Bitcoin.BTC) reserve.
“We have it, it’s been established […] we also have the strategic national digital assets stockpile,” He saidBitcoin is a currency that has been added to “a class of its own and everyone recognizes that.”
The administration also wants to, he said. “give credence” Just a few digital assets were mentioned, and the rest was devoted to the development of other ecosystems.
Hines noted that it takes time to build the infrastructure in a way that will ensure long-term success. “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 reserves not included in White House Report
The President’s Working Group on Digital Asset Markets published 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 reiterated that as stated in the report the focus and priorities were on establishing a strong and transparent 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 there is no official figure for the amount of Bitcoin held by the government. “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 An estimated 198,000 BTC, worth approximately $2.35 billion. according Nansen,
President Trump signed the executive order The Strategic Bitcoin Reserve, and the US Digital Asset Stockpile was officially created in March.
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Source: cointelegraph.com
