Pray, allow me to introduce the estimable Bo Hines, late of the White House and now ensconced at Tether as Strategy Advisor for Digital Assets and US Expansion. This gentleman, who once guided the administration’s inaugural crypto law, the GENIUS Act, with all the finesse of a seasoned dancer at Almack’s, now assures us that another legislative jewel, the Strategic Bitcoin Reserve Act, is nigh upon us. How very obliging of him! 🕴️✨
The Bitcoin Reserve Act: A 2025 Certainty?
In a recent tête-à-tête with CoinDesk’s Sam Ewen, alongside Tether’s Paolo Ardoino, Mr. Hines declared himself “very confident” that the government shall proceed with alacrity on “budget-neutral ways to accumulate.” President Trump, he assures us, remains a “steadfast leader” in this realm, and the Strategic Bitcoin Reserve (SBR) is a matter of utmost importance. “Two monumental pieces of crypto legislation this year,” he proclaims, “shall secure America’s place as the crypto capital of the world.” How very ambitious! 🌍💼
JUST IN: FORMER WHITE HOUSE CRYPTO DIRECTOR BO HINES IS CONFIDENT THE #BITCOIN RESERVE ACT WILL BE SIGNED INTO LAW “THIS YEAR”
2025 WILL BE A HISTORIC YEAR FOR BTC
– The Bitcoin Historian (@pete_rizzo_) August 26, 2025
These assertions arrive but a week after Mr. Hines’ departure from government service and his installation at Tether. As the erstwhile head of the White House’s crypto policy shop, he played no small part in the passage of the GENIUS Act on July 18, 2025, which established the first comprehensive framework for US dollar-pegged stablecoins. This triumph, it seems, has set the stage for further legislative endeavors, including the formalization of the SBR. 🏛️📜
An executive order of March 6, 2025, had already inaugurated a federal SBR and a US Digital Asset Stockpile for non-bitcoin holdings. The Bitcoin Reserve Act, or the BITCOIN Act as it is formally known, seeks to codify and expand this framework. The White House, in its wisdom, has seeded the SBR with coins acquired through forfeiture and forbidden their sale, treating BTC as a long-term reserve asset. The Senate and House bills, led by Sen. Cynthia Lummis and Rep. Nick Begich respectively, aim to place this reserve on a statutory footing, outlining acquisition and governance protocols. Both bills were introduced in March and referred to committee, leaving a 2025 passage plausible should the Senate deign to act. 📅⚖️
Mr. Hines, ever the optimist, hints at continuity within the administration post his departure. “I am very confident in Patrick [Witt]’s abilities to perform and deliver for the industry,” he assures us, before outlining the legislative agenda: GENIUS is accomplished; market structure and the reserve law are next in line. “We have a market structure on the horizon… I’m confident they’ll bring that home as well,” he declares, reiterating his expectation of two major crypto bills in 2025. How very convenient! 📝🔮
Policy context, it appears, is as crucial as personnel. The March executive order mandates that Treasury hold seized and forfeited bitcoin in a dedicated reserve and authorizes a Digital Asset Stockpile for other tokens. A White House fact sheet emphasizes that bitcoin in the reserve shall not be sold, underscoring its status as a strategic, long-duration asset. Codification via the BITCOIN Act would eliminate any ambiguity regarding acquisition, governance, and reporting, and might create explicit “budget-neutral” pathways for further accumulation. 🧾💼
This debate has featured Treasury Secretary Scott Bessent, whose public pronouncements have been as unpredictable as a London fog. In mid-August, he told Fox Business, “We are not going to be buying that,” when queried about new bitcoin purchases, even as he and his officials highlighted “budget-neutral” mechanisms under consideration. A subsequent post on X clarified that seized bitcoin will anchor the reserve and that Treasury continues to explore ways to add without burdening taxpayers-a line Mr. Hines has been only too eager to echo. How very reassuring! 🦊📰
At press time, BTC traded at $110,530. A sum, one might imagine, that would make even the most frugal of us reconsider our attachment to traditional currency. 💸📈
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2025-08-27 15:40