
Okpaloafe Wisdom
@wisdomforreal
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Although the Trump administration established a strategic bitcoin reserve through an executive order on March 7, it is legally limited to expanding this reserve through budget-neutral strategies or asset forfeitures. Senator Cynthia Lummis, who introduced related legislation in July 2024, proposed converting a portion of the Treasury's gold certificates into bitcoin. In March 2025, Bo Hines, Executive Director of the Digital Asset Advisory Committee, further suggested revaluing the U.S. gold reserves at market price (currently accounted for at $42.22 per ounce) and using the appreciation to purchase bitcoin.
Miles Suter, Head of Bitcoin Products at Block (Squareβs parent company), stated that the feature is planned for broader testing later this year and a full rollout to all users in 2026, pending regulatory approval. The company said the initiative aims to build an βopen, decentralized, and low-costβ payment system. 2 replies
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