According to the Bo Hines advisor, the government will not be limited to a single approach to acquire Bitcoin.
Federal US agencies. Uu. They had until April 30 to reveal their holdings in BTC.
Only two days after the deadline, expectation grows by the report that could consolidate the role of Bitcoin (BTC) in the US government strategy.
This Wednesday, July 30, the Donald Trump administration will officially publish a document prepared by the Presidential Council of Advisors on Digital Assets, in which it will announce regulatory and legislative proposals to establish a strategic reserve of these currencies and a regulation that drives the ecosystem.
Among other aspects, the report details the mechanisms that the Government will use to use to Acquire BTC without resorting to taxpayers’ funds or compromising the federal budget.
To this is added the controversy generated by the doubts about the real amount of BTC currently possessed by the US government. Although it has been estimated that they would be around 200,000 BTC from legal confiscations, an alleged internal filtration of the US sheriff service suggests that the figure would be much lower: just 28,988 BTC. Wednesday’s document could shed some light on this section.
In a publication last week, BO HIES, director of the Presidential Council for Advisors on Digital Assets, announced that the report was finally completed after completing the 180 days Trump defined to do so.
His message received a variety of reactions, including comments of users who expect the document to cover a broad spectrum of issues, from legal parameters for stablecoins to the adoption of real world assets (RWA).
In addition, some people took the opportunity to remember that, according to the Executive order Signed by Trump in early March – with which the creation of a strategic BTC reserve was authorized – federal agencies had a period of 30 days to reveal how many Bitcoin they possess. That period has already overcome and the information has not yet been published.
As explained by HIES in early June, the Presidential Council has considered various alternatives to accumulate BTC, such as mining operations, issuance of special bonds and the reuse of treasure assets, Without intention to limit yourself to a single approach.
Although the official avoided advancing concrete details, arguing that revealing premature examples could hinder the development of the project, implied that the strategy is already defined and that, once officially presented, it will be well received by the ecosystem.
Following this line, the businessman and advisor David Sacks, “Tsar of AI and cryptocurrencies,” defended Publicly the need for the United States to maintain a strategic Bitcoin reserve. In an interview in March, he stated that the State has acquired a significant amount of BTC throughout the last decade, mainly through judicial confiscations.
However, he criticized that so far these funds have been managed improvisedly, being sold in some cases without a clear strategy. This, according to his way of seeing, has generated losses of up to $ 17 billion for taxpayers.
Sacks considers that it is time to adopt a long -term approach: treat Bitcoin as a strategic and scarce assetwhich must be preserved by the government, not liquidated.
