The US government is exploring methods for Bitcoin acquisition without increasing the budget deficit, according to Bo Hines from the Council on Digital Assets.
Discussions in the Administration
Bo Hines stated that any government acquisition of Bitcoin must be deficit-neutral. *'We’re looking at creative, budget-neutral approaches,'* he said, emphasizing growing consensus among departments like Commerce, Treasury, and the President's Economic Council.
Funding Sources
In addition to asset revaluation, the administration is assessing tariff revenue as a potential source for Bitcoin funding. Hines remarked that linking such revenues to new initiatives could lessen dependence on traditional financing. *'We’re not just moving money from one government account to another. This is about bringing in new money and applying it strategically,'* he noted.
Legal and Constitutional Aspects
While the appetite for Bitcoin accumulation grows, legal and constitutional questions remain. Any use of tariff revenues or revalued assets must comply with existing laws. Hines expressed optimism, asserting that *'The accounting, compliance, the mechanisms; these are solvable problems. The biggest problem is political will, not design.'*
The US government is under pressure to adapt to changes in the global financial system and is exploring safe and effective strategies for Bitcoin acquisition.
