US to Press Ahead With Strategic Bitcoin Reserve: Bo Hines
Key Highlights
- Bo Hines revealed that US President Trump has directed Congress to form a strategic Bitcoin Reserve
- He praises Trump for taking a stand for the cryptocurrency sector by forming a crypto-friendly regulatory environment
- SBR will establish Bitcoin as a U.S. national asset
In an exclusive interview, former White House Crypto Council Executive Director Bo Hines revealed that U.S. President Donald Trump’s Executive Order is a clear directive to establish a strategic Bitcoin Reserve.
JUST IN: 🇺🇸 Former White House Crypto Council Executive Director Bo Hines says there “is a clear directive to build a strategic Bitcoin reserve.”
“the effort will continue and accelerate” 🚀 pic.twitter.com/XUikLnDWsq
— Bitcoin Magazine (@BitcoinMagazine) August 11, 2025
In the latest report, he praised Trump’s rigorous efforts to make America a crypto capital. He also remarked on his expected successor, Patrick Witt, saying, “Patrick is one of the sharpest people I’ve ever met. He has an impressive background — Yale quarterback, Harvard Law grad, McKinsey consultant, and government service. His credentials will serve the council well.”
Bo Hines Praises the US President
After announcing his exit, many people from the Bitcoin community expressed their disappointment that Bo Hines, who backed the idea of the U.S. government purchasing Bitcoin, was leaving without offering more updates on the initiative’s progress. Hines, however, expressed confidence that the project is still in capable hands.
“The President’s Executive Order is a clear directive to build a strategic Bitcoin reserve. These initiatives are budget-neutral and designed to benefit taxpayers. I’m confident the effort will continue and accelerate under Patrick’s leadership, with capable teams at Treasury and Commerce working hard to implement the best solutions,” Bo Hines said.
Hines’s exit comes as the Senate prepares to debate the CLARITY Act, a landmark market structure bill viewed as vital to safeguarding the $4 trillion US crypto industry.
The Strategic Bitcoin Reserve frames Bitcoin as a national asset, comparable to the U.S. Strategic Petroleum Reserve or gold reserves. This shows a policy shift toward treating cryptocurrency as a hedge against economic risk or a tool for financial leverage.
The directive to Congress shows a push for legislative support to make the reserve permanent, ensuring it could outlast future administrations and clarifying rules for regulation and funding.
Yet, limited transparency on current holdings and the slow rollout have sparked criticism, and Hines’s departure adds uncertainty about its future.
The reserve’s success now depends on Congress’s response and the viability of budget-neutral acquisition methods, such as tariffs or gold revaluation.
In March, President Donald Trump signed an executive order to establish a strategic Bitcoin Reserve by leveraging Bitcoin seized in criminal and civil forfeiture cases.
President Trump stated in an official press release, saying, “I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.”
“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” US President’s ‘crypto czar’ David Sacks said earlier.
However, some people from the crypto community have expressed significant disappointment with the U.S. strategic Bitcoin Reserve, mainly because it does not involve the immediate or direct purchase of Bitcoin by the government.
This sentiment comes from expectations of a more aggressive acquisition strategy that could boost Bitcoin’s price and signal a stronger federal commitment.
The announcement of the SBR on March 7 led to a sharp market reaction with Bitcoin’s price dropping from approximately $91,200 to $84,667, a decline of over 7%, described as a “sell the news” event. However, Bitcoin has now recovered significantly. At the time of writing, Bitcoin is trading at around $118,821.05 with $2.36 trillion market capitalization.
Rajpalsinh is a crypto journalist with over three years of experience and is currently working with CryptoNewsZ. Throughout his journey, he has honed skills like content optimization and has developed expertise in blockchain platforms, crypto trading bots, and hackathon news and events. He has also written for TheCryptoTimes, where his ability to simplify complex crypto topics makes his articles accessible to a wide audience. Passionate about the ever-evolving crypto space, he stays updated on industry trends to provide well-researched insights. Outside of work, gaming serves as his stress buster, helping him stay focused and refreshed for his next big story. He is always eager to explore new blockchain innovations and their potential impact on the global financial ecosystem.
