A White House official announced that the Trump administration aims to acquire substantial amounts of Bitcoin while ensuring no financial burden on taxpayers. During a closed-door roundtable event, Bo Hines, the executive director of the Presidential Working Group on Digital Assets, emphasized the desire for a potentially limitless U.S. government Strategic Bitcoin Reserve. This initiative was discussed in the context of a new legislative proposal by Senator Cynthia Lummis that would authorize the purchase of one million Bitcoin, approximately $80 billion worth. The U.S. Treasury has also been involved in discussions with crypto custody firms to secure this Strategic Reserve. Hines indicated the administration's intent to support legislation, such as the Bitcoin Act, aimed at formalizing this reserve. However, it remains uncertain whether this endeavor would be entirely budget neutral, as it hinges on the fictional future revenues from re-evaluated gold certificates, which were last valued in 1971.

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