US government might use tariffs to buy bitcoin
US government might use tariffs to buy bitcoin According to a Trump Administration official, it’s legally possible for the US government to use tariff revenue to buy bitcoin (BTC). A mandate in Donald Trump’s executive order establishing the US Strategic Bitcoin Reserve (SBR) said that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “ shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers.” One of these strategies could be tariff revenue, according to Bo Hines, executive director of the President’s Council of Advisers on Digital Assets. Indeed, in a White House interview with Anthony Pompliano, Hines said he was looking to present “creative” strategies to Bessent and Lutnick that “left no stone unturned,” including tariff revenues or the revaluation of Treasury’s statutorily priced gold certificates. Hines reiter...