Bo Hines, the executive director of the White House President’s Council of Advisers on Digital Assets, announced that the Trump administration is set to reveal the details of its Strategic Bitcoin Reserve soon. The reserve, outlined in a one-page executive order, is currently being reviewed by inter-agency working groups established under President Trump’s digital-assets executive order. Hines emphasized that the reserve will not rely on direct appropriations and aims to acquire Bitcoin through budget-neutral methods. Various options are being considered, such as involving federally chartered miners and issuing BitBonds. The administration's three-phase strategy includes eliminating over-regulation, establishing regulatory clarity, and implementing these changes in traditional finance. While the ultimate goal is to codify the reserve in law, the administration is currently focused on stable-coin regulations and market-structure legislation. Progress has been swift, with bipartisan support for the Genius Act and upcoming legislation to boost the US economy and facilitate Bitcoin adoption. Read more AI-generated news on: https://app.chaingpt.org/news

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