Key dealers
- The United States aims to become Bitcoin -Superpower with a strategic strategy described by the administration.
- A strategic Bitcoin Reserve initiative highlights the US view of Bitcoin as digital gold with inherently stored value.
White House’s cryptor advisor Bo Hines said that a global space race for Bitcoin accumulation is ongoing, and the United States is determined to lead it.
“I think there is definitely a kind of space race because it applies to the accumulation of this asset,” Hines said in a new interview With Bitcoin Magazine. The statement dealt with the Trump administration sees Bitcoin’s scarcity as a reason for rapid action to avoid becoming a front of other nations.
“We recognize the other ecosystems that exist. And that’s why we also have the digital assets National Stockpile,” he added. “We want to encourage innovation in other spaces in the industry.”
According to Hines, Bitcoin’s scarcity distinguishes it from other crypto assets. He pointed to its early, decentralized origin and growing market acceptance as signs of its stay.
Hines also noted that the United States positions itself to become the “bitcoin superpower of the world”, in line with the president’s vision for digital assets.
Hines, who calls Bitcoin “digital gold”, said that the government is moving quickly to build its strategic Bitcoin reserve. The administration collaborates with the Treasury Department to review existing Bitcoin holdings and developing “budget-neutral” acquisition methods.
Trump’s crypto adviser made it clear that the government does not strive for a single political strategy, but rather explore several strategies to determine the most practical and effective path forward.
The goal, he said, is to start the accumulation process as quickly as possible, with the initial steps prioritized for speed and scalability and additional measures to follow.
“What we are looking for here is what is the most practical, what can we move on in the fastest way, and how can we start this accumulation process really in the most fast way possible,” he said. “So these ideas are likely to be prioritized, and we can add them as we continue to move on.”
Given the first 100 days of the administration, Hines said that their early measures, including a sweeping executive order, signed during the first week, set the tone for a new digital asset agenda.
The order established a working group for Interagency, completed the alleged “Operation Chokepoint 2.0”, and led to landmark regulating turns, such as Sec that lost key processes and bank regulators facilitate restrictions on crypto companies.
“We want to make the US crypto capital,” Hines said. “We would like to welcome the Golden Age for digital assets.”
The White House aims to have legislation on Stablecoin and the market structure on the president’s desk before the August, with implementation plans described in an upcoming 180-day report.
The Senate is expected Vote for genius actA bill aimed at drawing up a regulatory framework for Stablecoins, before Memorial Day, announced the Senate majority leader John Thune reportedly under the GOP Senators’ weekly conference lunch.
The proposed legislation has been approved by the Senate Bank Committee, and if adopted by the Senate, it will represent a landmark milestone in US cryptoral control.