US tariff money could be used to buy bitcoin
White House crypto advisor Bo Hines has suggested the possibility of using tariff money to buy bitcoin to strengthen the reserve
In the face of the search for innovative ways to strengthen the US bitcoin strategic reserve, White House crypto advisor Bo Hines hinted at the possibility of using tariff money to buy digital assets.
Hines hinted at this in a recent interview, while not ruling out that “the revaluation of the government’s gold holdings could contribute to these ends.”
In this regard, it is important to highlight that while President Donald Trump’s tariffs impact global financial markets, Hines, as executive director of the Presidential Council of Digital Asset Advisors, raised the possibility of using the revenue from these trade tariffs to purchase bitcoin.
The official said in an interview with Anthony Pompliano that “the Trump administration is exploring various budget-neutral methods to obtain more bitcoin for the national reserve without burdening taxpayers.”
Trump has tapped Hines as a key player in a sweeping effort to create cryptocurrency-friendly regulations and reverse the Biden administration’s crypto sector measures. For his part, Hines maintains that Trump is willing to fulfill his campaign promises regarding cryptocurrencies.
M.Pino
Source: diariobitcoin
(Reference image source: Kanchanara on Unsplash)
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