According to the executive director of the Trump administration’s Crypto Council, the US is looking for many ways to increase Bitcoin reserves without taxpayer dollars, including reassessing tariff revenues and government gold certificates.
“We see a lot of creative ways, whether it’s from tariffs. There are literally ways that we can do this,” Bo Hines, presidential advisory council of digital assets, said in a recent interview with professional capital management CEO Anthony Pompliano.
Hines said the Treasury could revalue a certificate worth $43 per ounce of gold to its current market price of $3,200 per ounce, creating a paper surplus to fund Bitcoin purchases without selling gold.
“It’s all on the table and like we said, we want everything we can, so we’re going to make sure the stones don’t flip,” Hines said in an interview aired on April 14th.
Latest: Bo Hines, executive director of digital assets, said the US government can use tariff revenue to buy Bitcoin. pic.twitter.com/gfc2hiejol
– Cointelegraph (@cointelegraph) April 15, 2025
Bitcoin Reserve initially constitutes assets confiscated in government criminal cases, but allows the government to develop budget-neutral strategies to acquire additional Bitcoin.
In an interview, Hines said the White House is developing a digital asset framework that outlines how the US can support crypto innovation and promote US dollar stubcoins around the world.
“This makes it clear to many aspects of this space, from tokenization to staking, all sorts of things,” Hines said, adding that the Trump administration is moving rapidly to make America the “crypto capital of the world.”
Related: Bitcoin takes a seat as Trump, while Bukel focuses on trade and immigration
“We’re moving at the speed of technology. We’re like a startup in this building,” Hines said. “It keeps this moving very quickly.”
The report mentioned by Hines is expected to be published in late July or August.
He does not mention Trump’s crypto venture.
Hines was not asked to address some of Trump’s potential conflicts of interest in the crypto space, including the controversial civil servant (Trump) Memocoin and business ventures with global free finance with the Trump family’s business ventures.
I have seen this interview in full.
Pump did not ask:
1. I told us how much bitcoin the US government owns and that the internal audit should have been completed by the Trump administration
2. Donald Trump’s expanding list of conflicts of interest in cryptocurrencies… https://t.co/bvnxbkcmk1
– Pledditor (@pledditor) April 14, 2025
Last month, House Rep. Gerald E. Connolly called the Trump Token a “money grab,” which led Trump-related entities to cash in more than $100 million in transaction fees.
Rep. Maxine Waters also criticized Trump’s memocoin on January 20, referring to the rug pull, claiming the launch represents “the worst code.”
White House AI and Crypto Czar’s David Sacks said Trump’s Memecoin is nothing more than collectable.
Hines was also not asked if the US completed an internal audit of Bitcoin (BTC) Holdings. This is the task that was to be completed within 30 days of President Donald Trump’s March 6 executive order establishing a strategic Bitcoin reserve.
magazine: Trump’s crypto ventures cause conflicts of interest, insider trading questions
