In an interview, Bo Hines, the Executive Director of the Presidential Cryptocurrency Working Group, stated that his team is exploring several options to replenish the strategic Bitcoin reserve. Among the potential funding sources could be revenues from tariffs imposed by U.S. President Donald Trump, as well as the revaluation of gold certificates.
This is reported by Finway
It is worth noting that Trump signed an executive order to create such a reserve in early March 2025, which is expected to include confiscated crypto assets. The President also tasked the Secretary of the Treasury and the Secretary of Commerce with developing “budget-neutral” strategies for replenishing the reserve. According to Hines, one possible source of funding could be customs revenue.
“We have a lot of really smart people working on this. There are several ideas on how to achieve it. We are confident that it is possible. We are considering several options. It could be tariffs or something else,” Hines commented.
Hines also mentioned the bill proposed by Senator Cynthia Lummis, which suggests creating a strategic Bitcoin reserve by purchasing Bitcoins through the revaluation of U.S. Treasury gold certificates. He noted that the price of gold in this scheme is about $43 per ounce, which does not align with the market price. Hines acknowledged this idea as promising but emphasized that the team is considering all possible options without settling on anything specific.
“We will make sure to ‘look under every stone’ because we want to make the reserve as large as possible. There is no specific threshold,” he noted.
During the interview, Hines also discussed other important topics, such as the regulatory framework for stablecoins, Trump’s attitude towards Bitcoin, and the integration of blockchain technology into the financial system.