• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

White House's Bitcoin Acquisition Strategy: Discussion Details

user avatar

by Giorgi Kostiuk

5 hours ago


A White House official confirmed plans to acquire more Bitcoin during a meeting with crypto industry leaders, aiming to build a strategic reserve without increasing budget expenses.

Bitcoin Acquisition Strategy

During a closed-door roundtable hosted by the Bitcoin Policy Institute, Bo Hines, executive director of the Presidential Working Group on Digital Assets, outlined plans to maximize Bitcoin acquisition. The focus is on strengthening the nation's digital reserve without impacting taxpayers. Officials emphasized that all purchases would occur in a budget-neutral manner.

Roundtable and Legislative Discussion

The meeting followed a public 'Bitcoin for America' policy summit and included key figures in the Bitcoin industry, such as Michael Saylor, Fred Thiel, Nathan McCauley, and others. Senators Cynthia Lummis and Bill Hagerty were also present. During the discussion, the possibility of supporting a bill for the government to purchase up to one million BTC was raised. Although no specific bill was endorsed, emphasis was placed on the importance of lobbying legislative initiatives.

Safeguarding and Prospects

The U.S. Treasury Department recently held meetings with crypto custodians to discuss safeguarding the proposed reserve, including Anchorage Digital. Currently, the government holds around 200,000 BTC, largely acquired through forfeitures. Senior White House officials reiterated the necessity for future Bitcoin purchases to remain budget-neutral, with a focus on strengthening national financial security.

The White House's plans to acquire Bitcoin reflect coordinated efforts to integrate digital assets into government operations, balancing aggressive asset accumulation with fiscal discipline.

0

Share

Other news

How Qubetics is Transforming Blockchain Interoperability

Qubetics creates a unified blockchain space, integrating diverse networks for smoother interaction.

user avatarGiorgi Kostiuk

2 minutes ago

XRP Price Prediction 2025: Will There Be a Breakthrough?

Analyzing XRP's potential for 2025 and discussing price trend prospects.

user avatarGiorgi Kostiuk

3 minutes ago

Kaito AI Faces Social Media Hack: What Happened?

Kaito AI's social media hack leads to market manipulation attempt and token security threat.

user avatarGiorgi Kostiuk

8 minutes ago

Bitcoin Open Interest Increase and Its Market Impact

Prices and weak demand push Bitcoin investors towards caution.

user avatarGiorgi Kostiuk

21 minutes ago

Qubetics: Opportunities and Prospects of the New Cryptocurrency

Qubetics offers innovative blockchain solutions with high ROI potential and real utility. Learn all about this project's aspects.

user avatarGiorgi Kostiuk

26 minutes ago

U.S. Regulators Under Pressure as Coinbase Demands Clarity

Coinbase seeks transparency from U.S. regulators, filing Freedom of Information Act requests for clarity on regulatory actions.

user avatarGiorgi Kostiuk

31 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.