Market Cap: $2.6427T -1.120%
Volume(24h): $72.9139B -16.540%
  • Market Cap: $2.6427T -1.120%
  • Volume(24h): $72.9139B -16.540%
  • Fear & Greed Index:
  • Market Cap: $2.6427T -1.120%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$85164.293495 USD

0.46%

ethereum
ethereum

$1631.626805 USD

-0.06%

tether
tether

$0.999902 USD

0.05%

xrp
xrp

$2.140262 USD

-0.29%

bnb
bnb

$585.593727 USD

-0.75%

solana
solana

$129.553695 USD

-2.38%

usd-coin
usd-coin

$0.999953 USD

0.01%

tron
tron

$0.252961 USD

-2.17%

dogecoin
dogecoin

$0.159379 USD

-3.88%

cardano
cardano

$0.637759 USD

-1.07%

unus-sed-leo
unus-sed-leo

$9.434465 USD

0.10%

avalanche
avalanche

$19.984115 USD

-0.50%

chainlink
chainlink

$12.624915 USD

-1.61%

stellar
stellar

$0.241348 USD

0.09%

toncoin
toncoin

$2.899684 USD

1.82%

Cryptocurrency News Articles

Trump Administration Considers Using Tariff Revenue to Purchase Bitcoin

Apr 15, 2025 at 09:30 pm

This is a part of a broader strategy to position the United States as a leader in the crypto space.

Trump Administration Considers Using Tariff Revenue to Purchase Bitcoin

The Trump administration is considering using tariff revenue to purchase Bitcoin as part of a broader strategy to position the United States as a leader in the crypto space, confirmed Bo Hines, a director on Trump’s digital asset advisory board.

During an interview with Anthony Pompliano, Hines explained that the administration is exploring budget-neutral methods that would not rely on taxpayer funding.

“We’re exploring creative solutions that don’t cost the American people a dime,” said Hines, emphasizing an approach that aligns with President Trump’s previous pronouncements.

I went to the White House to interview @BoHines about the administration's crypto plans.

We talked about the US strategic bitcoin reserve, stablecoins, regulation, how decisions are being made, gold, tariffs, law enforcement, motivational aspect inside Trump admin, biggest takeaway… https://t.co/hE8p5zC79A

Among the funding strategies being considered, tariff revenue appears to be a primary source for Bitcoin acquisitions. The administration is also examining other avenues like revaluing outdated gold certificates held by the Treasury. These certificates, currently valued at just $42.22 per ounce, could be marked up to gold’s market price.

“There are countless ways we can do this — everything’s on the table,” added Hines, hinting at strong collaboration across government departments, including Commerce and Treasury. The administration appears committed to developing a comprehensive framework for Bitcoin adoption with input from “high IQ teams and interagency groups.”

This initiative ties into the Bitcoin Reserve Act of 2025 proposed by U.S. Senator Cynthia Lummis. This bill suggests investing federal funds, such as gold reserves, into Bitcoin. While this bill is still being discussed in Congress, it showcases the growing momentum for incorporating Bitcoin into national reserve strategies.

Reshaping Market Dynamics With Crypto

The market implications of such a move could be substantial. Government Bitcoin purchases could foster market confidence, in turn, may attract both retail and institutional investors. This could also help to boost the price of BTC in the long run. As of press time, Bitcoin is trading at $85,926 with a growth of 1.92% over the last 24 hours and has witnessed a surge of 28.70% growth in the last 20 days.

If the government accumulates BTC, it would strengthen its use case and scarcity. Additionally, buying Bitcoin could serve as a hedge against dollar depreciation. This could provide the U.S. government with a digital store of value alongside its traditional gold reserves.

The administration’s strategy appears focused on building Bitcoin reserves while navigating several complexities.

“Until the final decision is made, the strategy is simple: acquire as much Bitcoin as possible through legal and free means,” noted Hines.

If implemented, the United States would join a small but growing list of nations exploring or already holding Bitcoin as part of their national reserves, like El Salvador. Garnering global attention in 2021, it was the first country to adopt Bitcoin as legal currency and establish national holdings.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 16, 2025