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Cryptocurrency News Articles

The Trump administration is weighing plans to use tariff revenue to expand the US government’s Bitcoin holdings without touching taxpayer dollars.

Apr 16, 2025 at 08:27 am

ernment Explores Using Tariff Revenue to Expand Bitcoin Holdings

The Trump administration is weighing plans to use tariff revenue to expand the US government’s Bitcoin holdings without touching taxpayer dollars.

The Trump administration is reportedly exploring options to expand the U.S. government’s Bitcoin holdings without touching taxpayer dollars.

According to Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, the White House is considering “budget-neutral” alternatives to grow its Strategic Bitcoin Reserve.

One of those options is redirecting funds collected from tariffs imposed under the administration’s aggressive “America First” trade policy.

“We’re looking at many creative ways, whether it be from tariffs or something else,” Hines said in an interview with Anthony Pompliano.

The idea comes weeks after President Trump signed an executive order authorizing the creation of a Strategic Bitcoin Reserve.

Under that executive order, the BTC reserve will be stocked with BTC seized in criminal cases. From there, the administration plans to pursue self-funded acquisition strategies that don’t require congressional appropriations, at least for now.

According to Arkham data, the U.S. currently holds 198K BTC.

Another option under review involves revaluing the Treasury’s gold certificates from US$43 (AU$67) per ounce to current market levels of around US$3,200 (AU$5,043). The paper gain from that adjustment could be used to fund Bitcoin purchases without selling any gold.

Related: CEO Brad Garlinghouse Says Ripple ‘Moving Past SEC’s War on Crypto’

Hines didn’t mention or talk about the Trump family’s crypto venture, which includes shilling ETH on X and launching the controversial TRUMP coin, which drew fire from lawmakers. Rep. Maxine Waters previously referred to the launch as a “rug pull” and “the worst of crypto”, according to an official statement.

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Other articles published on Apr 16, 2025