Bo Hines, the White House Director of Digital Assets, has weighed in on the prospect of adding other coins to Bitcoin in the US national crypto reserve.
Recall that President Donald Trump signed an executive order to create a strategic Bitcoin reserve (SBR) in March. The order also included the establishment of a national crypto stockpile, including assets like XRP, Ethereum, Solana, and Cardano.
Meanwhile, Trump’s executive order tasked the crypto working group to pursue budget-neutral ways to buy Bitcoin for the national reserve. For the other assets in the stockpile, it disclosed that there are no plans to acquire more beyond those obtained from seizures and forfeiture.
Hines Discusses SBR and Adding Other Assets
In his latest remarks, Hines clarified that the government is still looking to grow its Bitcoin reserve. He noted that the US government is still a huge fan of Bitcoin, and there are still plans in place for the Bitcoin reserve.
Recall that Hines has repeatedly emphasized that the US intends to buy as much Bitcoin as it can possibly get for its reserve. He has also revealed some budget-neutral ways under consideration, including revenue from tariff hikes and reassessment of gold reserves.
When asked if the US would add more assets other than Bitcoin to the national reserve, he did not entirely rule it out. The White House official stressed that the US is currently focused on Bitcoin, which he called digital gold, but could broaden the scope if other assets meet specific standards.
For context, he highlighted that decentralization is a crucial factor. Many perceive Bitcoin as the most decentralized network in the digital asset space, and Hines noted that the US might in the future tilt towards assets that match the crypto leader in that quality.
“Sure, there could be other additional assets added to a reserve, but we are not there yet. I think that we probably will get there eventually, at some point,” Hines said.
Other Ecosystems Could Catch Up with Bitcoin
Notably, institutional adoption has started to spread beyond Bitcoin, as firms suddenly realize the upsides of other ecosystems. This aligns with Hine’s comments, as he noted that other ecosystems are “continuing to develop and thrive.”
Among the ecosystems currently gaining institutional adoption are XRP, Cardano and Ethereum. The role that XRP plays in the massively expanding Ripple payment business, tipped to rival giants like SWIFT, places it as a major candidate for inclusion in national reserves. Furthermore, its growing demand and American nativity are also significant factors.
On the other hand, there are strong narratives that Ethereum would benefit from the national stablecoin interest in the US. Trump recently signed the GENIUS Act, ushering in a clear regulatory framework for the fiat-pegged sector in the US.
Tom Lee believes this could draw institutions to the Ethereum network and boost its utility. He noted that Ethereum could become the next Bitcoin, and the White House might be watching. Moreover, Cardano has continued to make strides in becoming more decentralized.
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