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Cryptocurrency News Articles
The Trump administration is exploring ways to buy Bitcoin using revenue from tariffs
Apr 16, 2025 at 04:20 am
While the sweeping tariffs have arguably exerted downward pressure on crypto prices, President Trump's top crypto advisor has revealed that they may have just become key in funding the U.S. strategic Bitcoin (BTC) reserve without using taxpayer funds.
The Trump administration is exploring various "budget-neutral" methods to acquire more Bitcoin (BTC), potentially utilizing revenue from tariffs or Senator Cynthia Lummis's BITCOIN Act of 2025, according to a report by CCN.com.
The administration is aiming to buy as much of the flagship cryptocurrency as possible without affecting taxpayers, and they may be able to do so with tariffs, according to Bo Hines, the executive director of the Presidential Council of Advisers on Digital Assets.
Hines was speaking with prominent Bitcoin bull Anthony Pompliano on his new podcast, "Pomp & Partners: Deep Dive."
"We're looking at many creative ways, whether be it from tariffs, whether be it from something else. I mean, there are literally countless ways in which you can do this," Hines noted, adding that "everything's on the table."
Earlier this month, U.S. President Donald Trump signed an executive order to create the nation's Strategic Bitcoin Reserve. The move will see the U.S. government acquire and hold a "substantial unencumbered portion" of the flagship cryptocurrency. The U.S. currently holds just over 198,000 BTC, according to Arkham Intelligence.
"It's not like we're going to sell it. It's not like we're going to liquidate it. It's an asset that we're going to hold," Hines asserted, comparing Bitcoin to gold.
He then reiterated that the Trump administration wants to buy as much of the flagship crypto as possible without affecting taxpayers.
"We obviously have made it very clear that we want to acquire as much as we can get. It stipulates that we have to acquire Bitcoin in budget-neutral ways that don't cost a taxpayer a dime."
Apart from the creative strategy of utilizing revenues from tariffs for Bitcoin buys, Hines highlights Senator Cynthia Lummis's BITCOIN Act of 2025, which would revalue Treasury gold certificates from their outdated valuation of roughly $43 per ounce to reflect current market prices exceeding $3,000 per ounce.
The Trump government's plans notably include collaboration between Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and other officials within the inter-agency digital assets working group to formulate Bitcoin acquisition strategies to turn the U.S. into "the Bitcoin superpower of the globe," the White House advisor said.
"We're gonna make sure that no stone is unturned as we start fleshing out some of these processes. We'll come together and flesh out some of these ideas and really get to the best solution," Hines stated.
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