- Robert “Bo” Hines confirmed the White House remains committed to developing a strategic Bitcoin reserve, with infrastructure work already in motion.
- The administration’s first 160-page crypto policy report detailed regulatory priorities but offered little clarity on the Bitcoin reserve’s accumulation plans.
- U.S. government Bitcoin holdings, estimated at 200,000 BTC in March, remain unsold and dare not be designated as reserve assets under Trump’s executive order.
Robert “Bo” Hines, Executive Director of the President’s Council of Advisers on Digital Assets, confirmed the administration’s support for a Strategic Bitcoin Reserve. He emphasized that infrastructure is being built to support the initiative and that progress will be visible soon. Hines spoke during an interview on Crypto in America, stressing that success depends on careful preparation.
Hines stated that establishing the reserve requires both time and effort. He explained that building the necessary systems is critical for long-term stability. According to him, work is already underway, and further steps will follow shortly. His remarks reinforced earlier statements that the reserve remains a central policy objective for the administration.
Trump’s Executive Order
In March, President Trump signed an executive order that formally created the Strategic Bitcoin Reserve. The order classified Bitcoin held by the government as a reserve asset. It also established a U.S. Digital Asset Stockpile for other seized cryptocurrencies. Assets in the reserve come mainly from criminal and civil forfeiture cases, and the order prohibits their sale.
On July 30, the administration unveiled its first major crypto policy report through the President’s Working Group on Digital Asset Markets. The 160-page report highlighted regulatory clarity, infrastructure for blockchain finance, and the respective roles of the SEC and CFTC. It also supported the GENIUS Act and tax reforms while opposing the launch of a central bank digital currency.
Bitcoin Reserve Mentioned Briefly
Despite the executive order, the report included only a short reference to the Bitcoin reserve in its final pages. Many observers expected more details, especially on accumulation plans. Market analysts noted that Bitcoin briefly fell below $116,000 following the report, though prices quickly recovered and remain above $118,000.
Estimates from March placed U.S. government Bitcoin holdings at around 200,000 BTC. Officials have not released an updated figure or outlined a timeline for new acquisitions. The administration maintains that infrastructure development is a priority before further steps are taken.
