Bo Hines outlined a federal strategy to procure Bitcoin for a Strategic Bitcoin Reserve, aiming to enhance national economic resilience. He emphasized that Bitcoin is a commodity and not a security.
The initiative seeks to avoid costs for taxpayers by ensuring budget neutrality in acquiring Bitcoin, as directed by the executive order to both commerce and treasury secretaries.
Hines underscored the importance of interagency efforts to implement this strategy, aiming to maintain the U.S.’s leadership in digital financial technology.
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