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U.S. President Donald Trump has not ruled out the possibility of buying further Bitcoin, reiterating that his administration had discussed the possibility of buying more BTC▲$62,630.00 and other cryptocurrencies but had not made a final decision.
Trump made the comments during a White House discussion with the technology executives and top regulators in attendance on August 19.
United States President Donald Trump was asked if his administration would be acquiring large Bitcoin or cryptocurrency amounts, to which he said the administration had talked about it, he could listen to recommendation from SEC Chair Paul Atkins, but announced no acquisition of crypto by or funding of government acquisition.
The comments would not have changed the US policy on accumulation, and further Bitcoin accumulation would be subject to the legal framework of Trump’s March 6, 2025 executive order creating the Strategic Bitcoin Reserve.
Bitcoin reserve will be initially funded with BTC that has been finally forfeited by a criminal or civil judgment. Bitcoin held in the reserve will not be sold and will be considered a reserve asset.
The order said Treasury and Commerce secretaries could develop mechanisms through which the government could acquire additional Bitcoin, provided the cost is offset by reductions elsewhere, and there is no cost to US taxpayers. There has been no follow-up executive action or Treasury acquisition notice to Trump’s comments.
Trump praised cryptocurrency for providing downward pressure on the dollar and being overall helpful for the currency, though he did not provide any evidence for this claim. He also asked Congress to pass the CLARITY Act and to make sure the US is ahead of China in the crypto industry throughout the event.
The White House meeting, attended by Atkins, CFTC Chair Michael Selig and executives from major crypto firms, comes as Washington works toward legislation and regulations that clarify the rules and which agencies have jurisdiction over various aspects of digital assets.
Stricter restrictions apply to the acquisition of cryptocurrencies other than Bitcoin. Trump’s 2025 executive order stipulates that further acquisition of non-Bitcoin Digital Assets for the Digital Asset Stockpile requires further presidential or legislative action. The Treasury may directly manage existing non-Bitcoin holdings.
Trump’s statement means that further accumulation is a policy alternative but not a confirmed program. A substantial plan to add to Bitcoin reserve would require these officials to decide about methods of acquisition, scale, and storage within the budget-neutrality constraints set by the executive order.
The practical effect of that reserve framework would be to treat Bitcoin differently from other government-controlled currency tokens: BTC can be added through budget-neutral trade carried out by the Treasury and Commerce, but new purchases for the non-Bitcoin stockpile will require further executive or legislative approval.
This did not change after Trump’s comments. The Treasury has previously provided investment advice regarding operating the reserve and stockpile.
Source: bitcoinfoundation.org