Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, asserts that the United States is on track to becoming the world’s leading Bitcoin powerhouse, as stated in his April 29 interview with Bitcoin Magazine.
Bo Hines Talks Crypto Policy In New Interview
“We’re well on our way to becoming the Bitcoin superpower of the world,” Hines remarked in an interview.
The former football player highlighted U.S. President Donald Trump’s January 23 executive order, titled “Strengthening American Leadership in Digital Financial Technology,” along with the establishment of a strategic Bitcoin reserve as key achievements in advancing crypto policy.
Hines also criticized the United States Securities and Exchange Commission’s (SEC) previous regulation-by-enforcement strategy toward the blockchain industry.
“This industry has faced unprecedented legal challenges,” Hines noted, emphasizing that its accomplishments despite these obstacles are “truly remarkable.”
Bitcoin Recovers From Recent Drop
Hines’ remarks come just before the U.S. Treasury’s May 5 deadline for evaluating the legal and investment implications of a strategic Bitcoin reserve.
This deadline follows Trump’s March 6 executive order, which outlined plans to establish a Strategic Bitcoin Reserve and a digital asset stockpile using cryptocurrencies seized through criminal and civil forfeiture proceedings.
Bitcoin has experienced a modest rise in value recently, stabilizing around $94,000 despite a slight dip on Wednesday.
On Monday, BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded nearly $1 billion in inflows, marking a significant milestone. This development comes amid concerns tied to Trump’s recently introduced “Liberation Day” tariffs.
While IBIT’s performance has been strong, the future of Bitcoin remains uncertain as the industry braces for substantial policy changes in the coming months.