Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets spoke with media on Friday
- if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered
This is of interest because in Trump’s announcement of a Bitcoin Reserve earlier this month he said the government will acquire any Bitcoin in the future through “budget-neutral” ways.
Later in Hines’ interview he referred to Senator Lummis’ BITCOIN bill as an example of a budget-neutral way to buy Bitcoin.
- The Lummis legislation, in brief:
- to create a bitcoin strategic reserve
- would direct the government to purchase 1 million bitcoins over five years
- funds for the bitcoin purchases would come from “diversifying existing funds” in the Federal Reserve system
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BTC update:
