{"id":35292,"date":"2025-07-04T20:16:32","date_gmt":"2025-07-04T20:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35292"},"modified":"2025-07-04T20:16:32","modified_gmt":"2025-07-04T20:16:32","slug":"us-gov-could-mine-bitcoin-through-public-private-deal-says-white-house-exec","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35292","title":{"rendered":"US Gov Could Mine Bitcoin Through Public-Private Deal, Says White House Exec"},"content":{"rendered":"
\n

Bo Hines, executive director of the President\u2019s Council of Advisors on Digital Assets, signalled that Washington is seriously considering a public-private partnership with US miners to expand the Strategic Bitcoin Reserve\u2014without spending new federal dollars. Speaking with Marathon Digital Holdings chief executive Fred Thiel, Hines said<\/a> that \u201ca public-private partnership between the miners could be a phenomenal way to accumulate Bitcoin for the reserve\u201d adding that the working group is \u201clook[ing] forward to being part of that.<\/p>\n

White House Considers Partnering With Bitcoin Miners<\/h2>\n

Created by Executive Order 14233<\/a> on 6 March 2025, the Strategic Bitcoin Reserve directs the Treasury to amass BTC through budget-neutral means\u2014principally by sweeping forfeited digital assets and deploying \u201ccreative solutions\u201d to acquire more.<\/p>\n

Hines said the inter-agency working group set up under that order is now examining mechanisms that would let industrial miners route a portion of fresh block rewards directly to Treasury custodial wallets, potentially in exchange for long-term power-purchase contracts or accelerated permitting. \u201cWe\u2019ll work with Commerce, we\u2019ll work with Treasury Secretary Bessent to find these creative solutions,\u201d he told Thiel. \u201cA public-private partnership between the miners could be a phenomenal way to accumulate Bitcoin for the reserve.\u201d<\/p>\n

Thiel, whose company<\/a> operates one of the world\u2019s largest fleets of ASIC rigs, noted that such a scheme would simultaneously increase US on-shore hash-rate and give the government a predictable pipeline of newly mined BTC. \u201cOne of the great opportunities\u2014especially that solves two issues\u2014helps the government accumulate Bitcoin and helps Bitcoin miners establish more hash rate in the US\u2014is to partner with the US government,\u201d he said. Hines agreed, replying, \u201cAbsolutely. We certainly look forward to being part of that.\u201d<\/p>\n

The conversation also centred on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act<\/a>, which cleared the Senate Banking Committee lately with rare bipartisan support and is queued for a floor vote. Hines called the bill \u201creally monumental,\u201d emphasising that instant-settling, dollar-backed stablecoins would modernise payments and \u201csecure our global dominance for decades to come.\u201d<\/p>\n

He predicted that regulated stables could propel total digital-asset market capitalisation to \u201c15\u201320 trillion dollars\u201d and channel new liquidity into Bitcoin once market participants can \u201cmove in and out of different asset classes at will.\u201d<\/p>\n

Pressed by Thiel on how large the reserve should ultimately be, Hines dismissed the question as \u201csilly,\u201d reiterating that officials would pursue every legal avenue to expand holdings<\/a>: \u201cWe want as much Bitcoin as we can possibly accumulate.\u201d<\/p>\n

Notably, the Executive Order laid down an aggressive schedule: by April 5, 2025 (30 days after signature) every federal agency was to file both a legal-authority review and a full on-chain accounting of whatever Bitcoin or other digital assets it held; by May 5, 2025 (60 days) the Treasury Secretary had to deliver a legal-and-investment evaluation for managing the Strategic Bitcoin Reserve and Digital Asset Stockpile.<\/p>\n

None of the documents has been released. When asked about the silence, Bo Hines said last week that \u201cthere\u2019s nothing in the order that mandates that the report becomes public,\u201d but added the administration \u201ccould choose to make it public at some point.\u201d<\/p>\n

At press time, BTC traded at $109,034.<\/p>\n

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

Bo Hines, executive director of the President\u2019s Council of Advisors on Digital Assets, signalled that Washington is seriously considering a public-private partnership with US miners to expand the Strategic Bitcoin Reserve\u2014without spending new federal dollars. Speaking with Marathon Digital Holdings chief executive Fred Thiel, Hines said that \u201ca public-private partnership between the miners could be […]<\/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-35292","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\/35292","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=35292"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35292\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}