This initiative, Hines articulated, reflects a calculated pivot toward fortifying national economic resilience through cryptographic innovation—a maneuver harmonizing fiscal foresight with technological pragmatism. “Bitcoin is the oldest and most grounded cryptocurrency there is and has the immaculate conception, meaning that there’s no issuer out there. It’s a commodity, not a security,” Hines told the publication after the first-ever White House Crypto Summit with President Donald Trump.
The summit took place the following Friday after Trump initially unveiled the bitcoin reserve concept and stockpile idea on Truth Social. According to Trump’s Crypto Czar, David Sacks, there will be a strategic BTC reserve and a digital assets stockpile, though the latter will not be procured through purchases. Hines informed The Pavlovic Today that BTC is considered from an alternative perspective.
“[Bitcoin] certainly has an intrinsic store of value,” Hines remarked. “We do view it differently. That’s why we set it up in the [Executive Order] that way, and we’ve instructed both the commerce secretary and the secretary of the treasury to look into ways to acquire that are budget neutral and don’t cost taxpayers a dime,” he added.
The Executive Director of the President’s Council of Advisers on Digital Assets added:
I think one thing that’s important to note is that this president is actually in the process of accumulating assets for the American people rather than taking them from them, and he’s certainly ushering in the golden age for digital finance here in the United States.
“We’re going to continue our discussions with the working group,” Hines concluded. He added that Trump’s first executive order on digital assets, issued on day three, mandated an interagency effort—including the commerce and treasury secretaries—to devise innovative strategies that ensure the United States remains a global leader in digital financial technology.
“That’s what we plan on doing, and that will certainly be a part of that,” Hines added.
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