The United States could be moving to deepen its engagement with El Salvador’s crypto leadership, as Bo Hines, executive director of the White House’s Presidential Council of Advisers for Digital Assets, met with Salvadoran President Nayib Bukele this week.
Talks Focus on Digital Asset Partnerships
Hines confirmed the meeting in a social media post on June 5, describing discussions centered around digital asset development and the shared ambition to modernize global finance. He commended Bukele’s leadership, calling El Salvador’s Bitcoin policy a “transformative change” for the nation.
Stacy Herbert, director of El Salvador’s Bitcoin Office, underscored the significance of the talks, saying,
“The aspiring Bitcoin Superpower came to meet with the OG Bitcoin Country to discuss areas of mutual interest and possible collaboration relating to bitcoin, stablecoins and digital assets…Over the coming months, I believe we will see some extraordinary things happen for both partners as a result of this meeting.”
Broader Diplomatic Context
The visit signals Washington’s growing interest in El Salvador’s pioneering Bitcoin strategy as the Trump administration weighs its own digital asset initiatives.
It follows Bukele’s recent White House trip in April, where the Salvadoran leader met with President Donald Trump to discuss regional security agreements and prison transfers. While Bitcoin policy was absent from that agenda, Hines’ subsequent arrival in El Salvador brings crypto cooperation to the forefront.
Since Trump’s inauguration in January, diplomatic ties between Washington and San Salvador have notably strengthened. Notably, El Salvador agreed to house certain deported illegal immigrants in its high-security CECOT prison, a move aligned with Bukele’s anti-gang campaign.
Regulatory Collaboration Taking Shape
Parallel to these diplomatic engagements, El Salvador’s National Commission of Digital Assets (CNAD) has been in discussions with the U.S. Securities and Exchange Commission (SEC) regarding a cross-border regulatory sandbox. CNAD President Juan Carlos Reyes noted that this initiative could allow the U.S. to leverage El Salvador’s experience in Bitcoin regulation to assess streamlined approaches for its domestic crypto framework.
US Bitcoin Reserve Strategy Under Review
This diplomatic outreach aligns with the Trump administration’s stated crypto objectives. Earlier this year, Washington announced plans to establish a Strategic Bitcoin Reserve (SBR), intended to consist of Bitcoin recovered through criminal asset seizures and other budget-neutral methods. While the U.S. has yet to make official market purchases, Hines’ engagement in El Salvador hints at a possible interest in modeling aspects of its reserve strategy on Bukele’s approach.
El Salvador, the world’s first country to adopt Bitcoin as legal tender, currently holds over 6,198 BTC and continues to position itself as a global Bitcoin hub.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
