{"id":34131,"date":"2025-06-27T20:02:20","date_gmt":"2025-06-27T20:02:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34131"},"modified":"2025-06-27T20:02:20","modified_gmt":"2025-06-27T20:02:20","slug":"us-bitcoin-reserve-build-has-quietly-begun-confirms-bo-hines","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34131","title":{"rendered":"US Bitcoin Reserve Build Has Quietly Begun, Confirms Bo Hines"},"content":{"rendered":"
\n

At a Senate Banking Committee hearing yesterday, executive director of the President\u2019s Council of Advisers on Digital Assets Bo Hines sat flanked by Chairman Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis and confirmed that the United States has already begun moving seized or previously held Bitcoin into the newly created Strategic Bitcoin Reserve.<\/p>\n

Trump\u2019s Bitcoin Reserve Play Advances<\/h2>\n

The disclosure came in response<\/a> to a question about the execution of President Donald Trump\u2019s March 6 executive order on digital assets. Hines explained that \u201cthe EO\u2026 mandated an accounting to take place in which the Treasury [is] spearheading that,\u201d noting that the department has now \u201creceived the numbers from the different agencies inside of the government.\u201d Those numbers reflect coins accumulated piecemeal over the past decade through criminal forfeitures, civil penalties, and unspent research allocations across multiple departments.<\/p>\n

Describing the next phase, Hines told lawmakers that \u201cthere are a lot of different actors that held on to some Bitcoin and in some fashion or another,\u201d adding that \u201cnow the process begins in [\u2026] establishing the reserve, the actual infrastructure behind it, and getting all of that accomplished.\u201d<\/p>\n

Hines stressed that publication of the full audit is optional: \u201cThere\u2019s nothing in the EO that mandates that that report become public, but we could choose to make it public at some point.\u201d<\/p>\n

The administration\u2019s strategic intent is unambiguous. \u201cWe\u2019ve stated publicly that Bitcoin is digital gold,\u201d Hines said, repeating language he has used since early March. \u201cWe believe it\u2019s in the best interest of the United States to garner as much as we can possibly get.\u201d That ambition, he added, must be squared with the order\u2019s fiscal guard-rails: \u201cObviously this has to be done in budget-neutral ways that don\u2019t cost the taxpayer a dime. The president was clear about that in the executive order.\u201d<\/p>\n

Hines, gesturing to the two senators beside him, struck an optimistic note with regards to acquiring Bitcoin in a budget-neutral way: \u201cI think we have some very creative minds, two of which are sitting up here with me, and I think we\u2019ll begin moving very quickly on that.\u201d<\/p>\n

GENIUS First, CLARITY Next, Bitcoin Last<\/h2>\n

Finding those budget-neutral mechanisms now falls to Capitol Hill. Senator Lummis reminded colleagues that the House-passed GENIUS Act<\/a>\u2014covering stablecoins\u2014should reach the president for signing in July, while a Senate draft of a broader market-structure bill \u201cis on track before the August recess,\u201d with Banking Committee markup set for the first week of September.<\/p>\n

Via X, \u201cCrypto Czar\u201d David Sacks confirmed<\/a>: \u201cThank you to Senate Banking Committee Chair Senator Tim Scott and Digital Assets Subcommittee Chair Senator Lummis for announcing a clear timeline and plan for comprehensive crypto market structure legislation: Bill introduced before August recess, Mark up first week of September, Done by end of September. President Trump supports CLARITY on market structure as well as GENIUS on stablecoins. Let\u2019s get this done! July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!\u201d<\/p>\n

Previously, Lummis made clear<\/a> that the forthcoming bills on stablecoins and broader market structure would reach Congress before lawmakers take up the proposed Bitcoin Accumulation Act, which would authorize additional federal purchases of BTC.<\/p>\n

At press time, Bitcoin traded at $106,766.<\/p>\n

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

At a Senate Banking Committee hearing yesterday, executive director of the President\u2019s Council of Advisers on Digital Assets Bo Hines sat flanked by Chairman Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis and confirmed that the United States has already begun moving seized or previously held Bitcoin into the newly created Strategic Bitcoin Reserve. […]<\/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-34131","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\/34131","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=34131"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34131\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}