Bo Hines, executive director of the White House President’s Council of Advisers on Digital Assets, revealed that the Trump administration will unveil the architecture of its Strategic Bitcoin Reserve “in short order,” adding fresh detail to a policy that has so far existed largely as a one-page executive order and a handful of high-level talking points.
Strategic Bitcoin Reserve Timeline Narrows
Speaking in a live fireside chat with analyst Scott Melker, Hines said the reserve framework is already circulating among inter-agency working groups set up under President Trump’s first digital-assets executive order, signed on the president’s third day in office. “When we’re ready to announce that, which I’m sure will be in short order, I think that this community will be extremely pleased,” he declared.
Although he declined to specify a launch date, Hines indicated that the reserve design will surface before the 180-day deadline set by the order for a comprehensive “book-length” report on digital-asset regulation. That report, due July 22, is expected to consolidate recommendations from the Treasury, Commerce Department, Justice Department, SEC and CFTC.
“We’re at the stage now where the heavy demolition of bad rules is 80-to-90 percent complete,” Hines said, referring to what he calls the administration’s three-phase strategy: demolition of “blue-tape” over-regulation, construction of statutory clarity, and implementation across traditional finance.
Hines insisted that the reserve will not rely on direct appropriations. “We want as much Bitcoin as we can possibly get,” he reiterated, “but we have to do this in budget-neutral ways that don’t cost the taxpayer a dime.”
Options under consideration include tapping federally chartered miners, issuing BitBonds, and allowing agencies to receive certain fees in BTC. “There can be hundreds, if not thousands, of ways we do this,” Hines added, cautioning that prematurely disclosing a preferred mechanism would “poison the well” for Congressional negotiations. Treasury and Commerce have already been instructed to produce menus of “creative financing structures,” he said, and will play a lead role once the executive-branch blueprint is public.
Codifying the reserve in law remains the administration’s stated goal, but Hines suggested the White House has bought itself “a little bit of time” by anchoring policy in the executive order. The legislative priority stack remains stable-coin rules first, broad market-structure second, and reserve authorization third. “Providing the clear regulatory framework more generally … gives us the momentum we need to enshrine the Strategic Bitcoin Reserve into law,” he argued.
Progress on that framework, Hines said, has been faster than many on Capitol Hill anticipated. The bipartisan Genius Act cleared a cloture vote with 69 Senate supporters last week and is expected to reach the president’s desk “next week.” Stablecoin issuers would hold one-to-one reserves in US Treasuries and undergo big-five audits—provisions Hines claims will “pour trillions and trillions of dollars into the US economy” and create natural on-ramps into Bitcoin. Market-structure legislation is slated to enter House markup on June 10 and is “on a glide path” for Senate introduction by month-end.
At press time, BTC traded at $105,388.
Featured image created with DALL.E, chart from TradingView.com
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Bo Hines, executive director of the White House President’s Council of Advisers on Digital Assets, revealed that the Trump administration will unveil the architecture of its Strategic Bitcoin Reserve “in short order,” adding fresh detail to a policy that has so far existed largely as a one-page executive order and a handful of high-level talking points.
Strategic Bitcoin Reserve Timeline Narrows
Speaking in a live fireside chat with analyst Scott Melker, Hines said the reserve framework is already circulating among inter-agency working groups set up under President Trump’s first digital-assets executive order, signed on the president’s third day in office. “When we’re ready to announce that, which I’m sure will be in short order, I think that this community will be extremely pleased,” he declared.
Although he declined to specify a launch date, Hines indicated that the reserve design will surface before the 180-day deadline set by the order for a comprehensive “book-length” report on digital-asset regulation. That report, due July 22, is expected to consolidate recommendations from the Treasury, Commerce Department, Justice Department, SEC and CFTC.
“We’re at the stage now where the heavy demolition of bad rules is 80-to-90 percent complete,” Hines said, referring to what he calls the administration’s three-phase strategy: demolition of “blue-tape” over-regulation, construction of statutory clarity, and implementation across traditional finance.
Hines insisted that the reserve will not rely on direct appropriations. “We want as much Bitcoin as we can possibly get,” he reiterated, “but we have to do this in budget-neutral ways that don’t cost the taxpayer a dime.”
Options under consideration include tapping federally chartered miners, issuing BitBonds, and allowing agencies to receive certain fees in BTC. “There can be hundreds, if not thousands, of ways we do this,” Hines added, cautioning that prematurely disclosing a preferred mechanism would “poison the well” for Congressional negotiations. Treasury and Commerce have already been instructed to produce menus of “creative financing structures,” he said, and will play a lead role once the executive-branch blueprint is public.
Codifying the reserve in law remains the administration’s stated goal, but Hines suggested the White House has bought itself “a little bit of time” by anchoring policy in the executive order. The legislative priority stack remains stable-coin rules first, broad market-structure second, and reserve authorization third. “Providing the clear regulatory framework more generally … gives us the momentum we need to enshrine the Strategic Bitcoin Reserve into law,” he argued.
Progress on that framework, Hines said, has been faster than many on Capitol Hill anticipated. The bipartisan Genius Act cleared a cloture vote with 69 Senate supporters last week and is expected to reach the president’s desk “next week.” Stablecoin issuers would hold one-to-one reserves in US Treasuries and undergo big-five audits—provisions Hines claims will “pour trillions and trillions of dollars into the US economy” and create natural on-ramps into Bitcoin. Market-structure legislation is slated to enter House markup on June 10 and is “on a glide path” for Senate introduction by month-end.
At press time, BTC traded at $105,388.
Featured image created with DALL.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
