Former White House Crypto Director, Bo Hines, currently serving as a strategic adviser at Tether, stated in an interview that he is very confident that the United States government will enact the Bitcoin Reserve Act before the end of 2025. Hines stated that the U.S. government is still interested in accumulating more Bitcoins through budget-neutral ways.
The young accomplished crypto leader highlighted that President Donald Trump remains steadfast in welcoming innovation to the United States. According to Hines, David Sacks, the White House Crypto czar, is working closely with lawmakers, led by Senator Cynthia Lummis, to pass the Bitcoin Act before the end of 2025.
Earlier this month, U.S. Treasury Secretary Scott Bessent announced that the Trump administration is seeking budget-neutral ways to acquire more Bitcoins. Bessent clarified that the U.S. government holds Bitcoin valued between $15 billion and $20 billion.
At the state level, several U.S. states have progressed to implement their respective strategic Bitcoin reserves. For example, New Hampshire became the first state to authorize its treasury to invest up to 5 percent of the public funds in Bitcoin. Several other states, led by Texas, have been pushing to implement strategic Bitcoin reserves.
Last week, the Philippines’ lawmakers introduced a bill to establish a strategic Bitcoin reserve. Notably, the Philippines lawmakers plan to direct the country’s central bank to purchase 2k BTC per year for the next five years.
Meanwhile, several countries have already purchased Bitcoins including El Salvador, Bhutan, and Ukraine. The imminent adoption of Bitcoin by the United States will likely influence other countries to follow suite.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The government of Bermuda, under Premier David Burt, has inked a strategic partnership with Coinbase…
XRP price opened the year with a sharp rally of over 20%, outpacing larger majors…
The chief executive of Canary Capital said XRP should no longer be judged as a…
In recent weeks, the price of Bitcoin has been facing intense volatility as sellers dominate…
The cryptocurrency market moved lower on Monday, with total market value falling about 2.4% to…
The Bitcoin price is jiggling around $93,000 after marking an intraday low below $92,000, which…
