On March 18, speaking at the Digital Asset Summit 2025, Bo Hines, Executive Director of the Presidential Working Group on Digital Assets revealed over the next two months stablecoin legislation may be delivered to Congress.
"Bitcoin is not a security, it’s a commodity," Hines affirmed, adding the U.S. aims to acquire Bitcoin “in budget-neutral ways that won’t cost the taxpayer a dime.”
Hines reiterated that the Presidential Working Group on the Digital Assets committee “delivered on the President’s promise” of creating “an SBR” (Strategic Bitcoin Reserve).
He believes the U.S. should stockpile as much Bitcoin as possible, which he considers to be a strategic asset akin to gold. Hines noted that the administration considers Bitcoin a commodity, not a security, and compares it to digital gold. He stressed the need to acquire Bitcoin in a way that does not cost taxpayers.
The conversation also addressed the administration’s wider approach to digital assets. Hines emphasized that President Trump is concerned about expanding America’s reserves, not depleting them.
Bitcoin as a strategic reserve asset
Hines noted that the Strategic Bitcoin Reserve (SBR) was a direct fulfillment of President Trump’s campaign promises. The administration sees Bitcoin as a strategic asset, like gold, and believes the U.S. should accumulate it aggressively.
"It’s high time that our president started accumulating assets for the American people, rather than taking them away," Hines said.
He also made it clear that the government will explore ‘budget-neutral’ ways to acquire Bitcoin—meaning it won’t come at a cost to taxpayers.
"We talked about ways of acquiring more Bitcoin in budget-neutral ways that won’t cost the taxpayer a dime," he said.
When asked how much Bitcoin the U.S. should acquire, Hines kept it simple:
"That’s like asking a country how much gold do you want, right? I mean, as much as we can get," he added.