{"id":21953,"date":"2025-04-14T10:32:30","date_gmt":"2025-04-14T10:32:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21953"},"modified":"2025-04-14T10:32:30","modified_gmt":"2025-04-14T10:32:30","slug":"us-must-move-fast-bitcoin-race-has-already-begun-says-bo-hines","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21953","title":{"rendered":"US Must Move Fast\u2014Bitcoin Race Has Already Begun, Says Bo Hines"},"content":{"rendered":"
\n

In an interview with Tony Edwards on the Thinking Crypto podcast, Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets under President Donald Trump, laid out a detailed vision for US digital asset policy\u2014warning that the global race for Bitcoin accumulation has already started and that the United States must act decisively if it hopes to remain the dominant force in the emerging financial order.<\/p>\n

Bo Hines Outlines White House Bitcoin Vision<\/h2>\n

\u201cThe mining difficulty is going to increase around Bitcoin,\u201d Hines stated<\/a>, noting both the finite supply and the rising international competition for acquisition. \u201cThere is just a strategic long-term interest in accumulating as much as we can and doing it quickly before it becomes more expensive.\u201d Hines was direct when asked how much Bitcoin the United States should hold. \u201cThat\u2019s like asking how much gold do we want. We want as much as we can get,\u201d he reiterated previous interviews, emphasizing that the objective is to acquire it in \u201cbudget neutral ways<\/a> that don\u2019t cost the taxpayer a dime.\u201d<\/p>\n

Under the Trump administration\u2019s executive order<\/a> on March 6, the Strategic Bitcoin Reserve (SBR) and the broader Digital Assets National Stockpile (DANS) were established. These initiatives, according to Hines, are not only symbolic but operationally significant. The SBR is designed to accumulate Bitcoin as a long-term sovereign asset, while DANS will give Treasury the flexibility to engage with other digital assets. \u201cWe view Bitcoin as digital gold,\u201d he said. \u201cIt has the immaculate conception, as David [Sacks] likes to say, meaning there is no issuer and that\u2019s intrinsic stored value.\u201d<\/p>\n

The Council, under the leadership of Hines and venture capitalist David Sacks<\/a>, has positioned itself as a key interagency bridge between the White House, Capitol Hill, and industry stakeholders. Hines characterized the Biden-era digital asset policies as \u201clawfare\u201d and regulatory obstructionism that forced innovators offshore. Now, he said, \u201cour message to the folks that have gone offshore is: welcome home.\u201d He cited the administration\u2019s objective to make the US \u201cthe most crypto-friendly country in the world\u201d as a driving force for legislative and regulatory acceleration.<\/p>\n

That acceleration is already visible. \u201cIt would be a derelict of duty if we don\u2019t get both market structure and stablecoin legislation on the President\u2019s desk before the August recess,\u201d Hines declared, referring to two major bills currently advancing in Congress. He praised the bipartisan momentum, highlighting the Senate Banking Committee\u2019s 18\u20136 vote in favor of the GeniUS Act and ongoing House markups for its stablecoin counterpart. \u201cThis is the first time the chambers had come together and said, we\u2019re going to make sure that we pass meaningful legislation,\u201d he said, calling the bicameral working group on digital assets a \u201cmonumental step.\u201d<\/p>\n

The interview also revealed the White House\u2019s confidence in industry expertise and the necessity of integrating traditional finance with digital asset infrastructure. \u201cIndustry does know best,\u201d Hines said. \u201cThey live, breathe, and sleep this every day.\u201d He confirmed that the Council has been in close contact with both TradFi incumbents and crypto-native startups, aiming to \u201cbuild the bridge\u201d between them. Hines hinted that this would become a key phase of policy once the legislative groundwork is laid and Operation Choke Point 2.0<\/a>\u2014referring to alleged debanking of crypto firms\u2014is fully dismantled.<\/p>\n

Hines also spoke candidly about stablecoins as a geopolitical lever. \u201cActors in other countries or citizens of other nations still want US dollars,\u201d he said. Stablecoins, he argued, are essential tools to preserve dollar hegemony in a world where BRICS nations<\/a> and adversarial powers are exploring dollar alternatives. He underscored the need for legislative clarity to ensure US-backed stablecoins serve this global demand.<\/p>\n

When asked about government Bitcoin mining operations, Hines did not rule them out, but was careful to bracket such possibilities within the administration\u2019s fiscal principles. \u201cIf it can fall under the framework of budget neutral, then I think all possibilities are on the table,\u201d he said, though he emphasized that no such plans are currently being pursued.<\/p>\n

The concept of blockchain being used in public sector applications\u2014including government spending and voting\u2014was also discussed. Hines acknowledged growing internal conversations about integrating blockchain for transparency purposes, aligning with comments from Elon Musk<\/a> and other technologists. \u201cI can think of many use cases\u2026 in which we could actually lift the veil on what\u2019s happening with taxpayer money,\u201d he said. \u201cIt\u2019s something that can be implemented pretty quickly.\u201d<\/p>\n

Despite the urgency conveyed throughout the interview, Hines remained optimistic about the current alignment of institutional forces. \u201cWe have a President that\u2019s finally working to accumulate assets for the American people rather than take assets away from them,\u201d he said, crediting the administration\u2019s early digital asset executive orders for mobilizing agencies to produce actionable frameworks. \u201cWe\u2019re compiling recommendations and building a comprehensive report for the President about how we actually achieve the goals we\u2019ve set out.\u201d<\/p>\n

As for whether the administration sees this technological transition as equivalent to past industrial revolutions, Hines didn\u2019t hesitate. \u201cWe certainly do in our office, and the President certainly does,\u201d he said. Drawing a parallel to the Internet boom, he noted that while consumers haven\u2019t yet felt the full impact of blockchain technology in their daily lives, \u201cthat day is coming very soon.\u201d<\/p>\n

In short, the message from the White House is clear: The Bitcoin era is no longer a theoretical future\u2014it is a competitive present. And in the words of Bo Hines, \u201cWe have a very unique opportunity in time\u2026 we need to capitalize on it and move very quickly.\u201d<\/p>\n

At press time, BTC traded at $84,587.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview with Tony Edwards on the Thinking Crypto podcast, Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets under President Donald Trump, laid out a detailed vision for US digital asset policy\u2014warning that the global race for Bitcoin accumulation has already started and that the United States must act […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21953","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21953"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21953\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}