- The Trump administration aims to acquire as much Bitcoin as possible for a strategic reserve.
- World Liberty Financial, linked to Trump, purchased 541,242 SEI tokens worth $100,000.
- White House supports budget-neutral Bitcoin acquisitions without increasing taxpayer costs.
The Trump administration is making bold moves in the cryptocurrency space. A White House official recently revealed the government’s plan to acquire as much Bitcoin as possible. The statement was made during a closed-door roundtable hosted by the Bitcoin Policy Institute. Attendees included prominent Bitcoin advocates, industry leaders, and U.S. senators.
Bo Hines, executive director of the Presidential Working Group on Digital Assets, delivered the message. He told participants that there should be no limit to the amount of Bitcoin the U.S. government holds. When asked how much Bitcoin the government aims to accumulate, Hines compared it to asking how many dollars someone would want.
A White House official later confirmed the statement. However, they clarified that Bitcoin acquisitions would be budget-neutral and would not cost taxpayers any money. This aligns with previous statements by senior officials supporting a Strategic Bitcoin Reserve.
The roundtable followed the “Bitcoin for America” summit. Key figures such as MicroStrategy co-founder Michael Saylor and Marathon Digital CEO Fred Thiel attended. Along with them, Senators Cynthia Lummis, Bill Hagerty, and Bernie Moreno also participated.
During the discussion, a participant asked Hines about the administration’s stance on the Bitcoin Act. The bill, reintroduced by Lummis, proposes that the U.S. government purchase up to one million BTC. The law would also formally establish the Strategic Bitcoin Reserve created by Trump’s recent executive order.
Hines responded by stating that the White House supports legislation that formalizes the reserve. He added that the administration would push to pass the bill through Congress. However, a White House official later emphasized that Hines did not endorse any specific legislation during the event.
The U.S. government currently holds nearly 200,000 BTC. These assets were obtained through civil and criminal forfeitures. The administration now aims to increase its Bitcoin holdings while ensuring the process remains cost-neutral.
Related: Bitcoin’s Growing Influence in Mainstream Finance and Policy
Meanwhile, World Liberty Financial, a project associated with former President Trump, has made a notable cryptocurrency investment. The organization recently purchased 541,242 SEI tokens worth approximately $100,000.
According to Arkham, World Liberty Financial sent $25 million USDC to a separate address last week. That same address then purchased SEI tokens on Ethereum. The assets were later transferred back to the main World Liberty Financial address.
The transaction occurred on March 14 through Cow Protocol. The platform is known for its efficiency and protection against MEV attacks. The movement of funds has raised speculation within the crypto community about the motivations behind the purchase.
The Trump administration’s increasing involvement in cryptocurrency continues to draw attention. Both the push for a Bitcoin reserve and World Liberty’s SEI purchase signal a growing interest in digital assets. These developments could shape future policies and influence the broader crypto market.
