Bo Hines, Executive Director of the President's Digital Holdings Advisors Council at the White House, stated that the Trump administration is exploring ways to accumulate Bitcoin for national reserves, including using revenue from customs duties.
In a recent discussion, Hines stated that the management is exploring "creative" financing sources to increase Bitcoin holdings, and that customs tariffs could be a potential avenue. "We are looking for many creative ways, whether it's from customs duties or something else," he said, adding: "There are literally countless ways to do this."
Hines, who also referred to Senator Cynthia Lummis's 2025 Bitcoin Reserve Act proposal, includes a provision for the revaluation of U.S. Treasury gold certificates, which are currently priced at around $43 per ounce compared to a market price above $3,000. Hines explained the idea that this accounting revaluation could unlock significant funds to purchase Bitcoin as a strategic reserve asset.
Hines clearly stated that, although the details are still evolving, the Trump administration is determined to build significant Bitcoin reserves. When asked about the targeted amount, he responded openly: "I would like them to be infinite. I want as much as we can accumulate. You want as much of anything that serves as a unique store of value. The situation is no different with Bitcoin."
Hines also praised President Trump, calling him a "Bitcoin and crypto-friendly president," and stated that the policy frameworks are already in place to fulfill the promises of the election campaign. A newly established interagency crypto task force has been tasked with providing regulatory clarity on digital holdings.
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Trump's Cryptocurrency Advisor Bo Hines: "The US can buy Bitcoin with Customs Duty Revenues"
Bo Hines, Executive Director of the President's Digital Holdings Advisors Council at the White House, stated that the Trump administration is exploring ways to accumulate Bitcoin for national reserves, including using revenue from customs duties.
In a recent discussion, Hines stated that the management is exploring "creative" financing sources to increase Bitcoin holdings, and that customs tariffs could be a potential avenue. "We are looking for many creative ways, whether it's from customs duties or something else," he said, adding: "There are literally countless ways to do this."
Hines, who also referred to Senator Cynthia Lummis's 2025 Bitcoin Reserve Act proposal, includes a provision for the revaluation of U.S. Treasury gold certificates, which are currently priced at around $43 per ounce compared to a market price above $3,000. Hines explained the idea that this accounting revaluation could unlock significant funds to purchase Bitcoin as a strategic reserve asset.
Hines clearly stated that, although the details are still evolving, the Trump administration is determined to build significant Bitcoin reserves. When asked about the targeted amount, he responded openly: "I would like them to be infinite. I want as much as we can accumulate. You want as much of anything that serves as a unique store of value. The situation is no different with Bitcoin."
Hines also praised President Trump, calling him a "Bitcoin and crypto-friendly president," and stated that the policy frameworks are already in place to fulfill the promises of the election campaign. A newly established interagency crypto task force has been tasked with providing regulatory clarity on digital holdings.