ChainCatcher news reports that, according to several attendees, during a closed-door roundtable hosted by the Bitcoin Policy Institute on Tuesday, Bo Hines, Executive Director of the President's Working Group on Digital Assets, told attendees that the White House intends to acquire as much Bitcoin as possible. When someone in the room asked how much Bitcoin the U.S. government might ultimately acquire, Hines joked that the question was like asking someone how many dollars they want.A White House official confirmed that Hines did make a statement about acquiring as much Bitcoin as possible, but added that any such acquisitions would be "budget neutral and would not cost taxpayers a dime." A White House official emphasized that Hines did not endorse any specific legislation during the event.

ChainCatcher news, according to Bloomberg, 29-year-old Bo Hines will serve as the White House digital asset policy advisor, responsible for coordinating communication between the cryptocurrency industry and the government. Hines will work under the leadership of the newly appointed special advisor on artificial intelligence and cryptocurrency, David Sacks, and is expected to manage a team of 2-3 employees.Previously, the former Yale University football player ran for a congressional seat in North Carolina twice without success. During his campaign, he promised to advocate for the deregulation of the cryptocurrency industry and suggested the establishment of a national Bitcoin reserve.

ChainCatcher news, according to The Block, U.S. President-elect Donald Trump announced the appointment of Bo Hines as the Executive Director of his "Presidential Digital Asset Advisory Council," leading his "Crypto Council."Bo Hines was a college football player and failed to win election to Congress in 2022. Trump wrote, "In his new role, Bo Hines will work alongside David Sacks to drive innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed."