Latest news with #BoHines
CNBC
4 days ago
- Business
- CNBC
Why stablecoins took centerstage at Bitcoin's largest conference: CNBC Crypto World
On today's episode of CNBC Crypto World, cryptocurrencies remain little changed as bitcoin manages to hang onto the $107,000 level. Plus, Bo Hines, White House Digital Assets Council chair, discusses the Trump Administration's strategy for crypto. And, Robinhood CEO Vlad Tenev breaks down how blockchain could play a role in its business outside of crypto trading.
Yahoo
15-05-2025
- Business
- Yahoo
Trump Still on Track to Sign Crypto Legislation by August, White House's Bo Hines Says
TORONTO — Despite a recent setback, U.S. President Donald Trump should be able to sign stablecoin and market structure legislation before Congress goes on break in August, said White House official Bo Hines on Wednesday. Lawmakers are still discussing the legislation, which is good, said Hines, the executive director of the President's Council of Advisers on Digital Assets, said on stage at Consensus 2025 in Toronto. "Negotiations are ongoing," he said. "But I remain steadfast in my optimism that we're going to achieve — the President's desire is to do it — but stablecoin legislation and market structure legislation before the August recess." Still, he acknowledged that the legislative process was "evolving." Hines said earlier in the day that Trump's crypto ventures, as well as the president's family's tie-ups, did not pose any conflicts of interest. "His sons have the right to engage in capital markets as private business people, like anyone else does in the U.S.," he said on CoinDesk TV. "I don't see any conflict in doing so. By the way, it should be exciting that they're engaging in this space. If you're a good business person, you should be looking at digital assets and saying, 'how can I get involved?' Because this is the next generation of finance." He repeated this argument on stage at Consensus. "As we launch these tariff negotiations and trade negotiations play themselves out, we want to establish ourselves as a leader in digital asset financial technology more generally," he said. Asked on CDTV about reports that a small company was purchasing TRUMP coins, Hines said, "I'll say very firmly, the president of the United States can't be bought." The White House and members of its working group are still working on a strategic Bitcoin reserve, Hines said on in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
What to Expect at Consensus 2025
How is crypto changing the face of finance? What's next for stablecoins, tokenization, and Web 3 marketing? How will digital assets be regulated in the future? These are just some of the questions up for debate as Consensus 2025 kicks off in Toronto this Wednesday. Staged this year at the Metro Toronto Convention Center, crypto's oldest 'big tent' event gets underway at a pivotal moment for the industry. Crypto is front-and-center in the national conversation and this year's event will feature many names making news and making waves. Eric Trump, whose mining startup, American Bitcoin, this morning announced that it plans to go public, is a headline speaker on Thursday. We'll hear from Bo Hines, head of the Presidential Council of Advisers for Digital Assets, on the White House strategy to pass legislation on crypto this year. Dave Portnoy, founder of Barstool Sports, will sit for a fireside chat to discuss crypto culture, memecoins and the future of investing. There's an Open Money Summit featuring the biggest names in DeFi, a Brand and Creator Summit for companies positioning themselves for the next phase of the internet, and an AI Summit with a packed schedule of speakers at the intersection of AI and blockchain. Other headline speakers include Chris Pavlovski (Rumble), Charles Hoskinson (Cardano), Kevin O'Leary (Shark Tank), Adrienne Harris (NYDFS), Justin Sun, David Goyer and dozens more from across the crypto and blockchain industry. Our Explorations stage will have in-depth discussions on hot topics such as DePIN, crypto policy, staking, advanced trading, and Canada's Web3 future. We'll also have a Hackathon (organized with EasyA), Pitchfest, a Research Symposium (with IEEE), a showing of the movie "Vitalik: An Ethereum Story" with the director (and special guests) and dozens of side-events and parties to attend across Toronto. For coverage of Consensus 2025 including interviews with speakers, see here. The full agenda can be found here. Visit for a livestream and ongoing coverage of all the news, rumors and gossip from crypto's annual gathering. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
19-04-2025
- Business
- Globe and Mail
Looking for Tariff-Resistant Investments? Check Out This Cryptocurrency That's Risen 410% Over the Past 2 Years
It seems hard to believe, but the price of Bitcoin (CRYPTO: BTC) on Jan. 1, 2023, was just $16,625. Fast-forward to today, and the price of Bitcoin is nearly $85,000. In a period of just over two years, the price of Bitcoin has skyrocketed by more than 400%. And that's even after a 22% decline from an all-time high of $109,000 earlier this year. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The real test for Bitcoin, however, comes right now. Will tariff uncertainty sink Bitcoin? Or will Bitcoin find a way to continue its seemingly unstoppable ascent higher? Could tariffs actually be bullish for Bitcoin? On the surface, it might seem absurd to suggest that tariffs could possibly be bullish for Bitcoin -- especially not when some tariffs levied against China could exceed 245%. From the perspective of global trade, those are extinction-level tariffs. So it's hard to believe that even Bitcoin -- a cryptocurrency that has weathered plenty of financial storms in the past -- would be able to prosper. But here's the thing: After the initial shock of the "Liberation Day" tariffs has worn off, the narrative around Bitcoin is starting to change. Have you noticed? At first, the narrative was that if big tech stocks are falling, then Bitcoin must fall as well. But Bitcoin has barely budged since the Liberation Day tariffs were announced. On April 2, the price of Bitcoin was $85,000. And today, the price of Bitcoin is approximately $85,000. Some investors think Bitcoin could be a safe-haven asset for investors taking refuge from the global economic storm. From this perspective, Bitcoin could be "digital gold" and a potential "store of value." If everything else around you is crashing down, maybe Bitcoin will be able to hold the line? If this investment thesis begins to resonate with investors, it's easy to envision a new inflow of investor money into Bitcoin via the new spot Bitcoin ETFs. Tariffs and the Strategic Bitcoin Reserve And there's one more new wrinkle to all this. In mid-April, Bo Hines, the executive director of the Presidential Council of Advisers on Digital Assets, suggested that new tariff revenue might be used to purchase Bitcoin for the Strategic Bitcoin Reserve. This is important because, when the White House originally announced this Bitcoin reserve in March, it clearly pointed out that any future purchases of Bitcoin needed to be "budget-neutral." So the question now becomes, "Does new tariff revenue count as being budget-neutral?" From the perspective of the government, all this new tariff revenue is sort of a "windfall profit" that can be spent on buying Bitcoin. On the other hand, taxpayers could view the tariffs as an unfair new tax being placed on them to buy more Bitcoin for the government. So this could end up being very controversial. The original vision for the Strategic Bitcoin Reserve was to buy 200,000 BTC per year, over a total of five years. At the end of that time period, the U.S. would own 1 million BTC, or roughly 5% of all Bitcoin in circulation. That was the goal of the incoming Trump administration: to make America a Bitcoin superpower. So, if tariff revenue is declared "budget-neutral," we're talking about a potentially massive new program of Bitcoin purchases. Obviously, this sustained buying of crypto by the U.S. government would be very bullish for Bitcoin. And it might even encourage other trading partners to take the same approach. Is Bitcoin "tariff-resistant" or "tariff-proof"? Just keep in mind: There's a big difference between Bitcoin being "tariff-resistant" and "tariff-proof." To understand this point, try this little experiment: Go out into a raging thunderstorm wearing a "water-resistant" jacket, and let me know how that goes. That's when you'll realize there's a world of difference between something being "water-resistant" and "waterproof." In much the same way, there's a huge difference between a digital currency being "tariff-resistant" or "tariff-proof." If the upcoming tariff storm is heavy enough and long enough, you will soon see the difference. All of which is to say: Be careful about putting too much faith in Bitcoin. Yes, it has held up remarkably well since Liberation Day. And, yes, the 410% returns over the past two years have been phenomenal. But, at the end of the day, no asset -- not even Bitcoin -- is likely to be tariff-proof. Should you invest $1,000 in Bitcoin right now? 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Yahoo
16-04-2025
- Business
- Yahoo
Trump administration says tariff revenue could be used to buy Bitcoin
Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets of the White House stated that the administration is pursuing inventive avenues to obtain more Bitcoin, including tariff revenue and revalued gold reserves. In a conversation with crypto investor Anthony Pompliano, Hines said, "Everything's on the table" as the U.S. seeks to expand its Bitcoin position. According to Hines, one of the most discussed proposals is Senator Cynthia Lummis' Bitcoin Reserve Act of 2025, that the U.S. Treasury gold certificates, currently valued at $43 an ounce, be revalued to market price—currently sitting at $3,223.61 per ounce. The revaluation could provide a significant amount of money to buy Bitcoin for the nation's reserves without taking on any new debt, said Hines. "But here what you would do is you'd revalue the gold certificates that we currently have at Treasury, most of which are valued, I think, around like $43 an ounce, which is a lot lower than what it's we're at, so now we're sitting at what $3,100 an ounce, being the price of gold. If you took that value, you could use that extra funding to buy Bitcoin, which can be used for the reserve, but that's just one idea.' The interview took place in the White House, where Hines shared some particularly interesting ideas about Bitcoin and also indicated the plan for the Strategic Bitcoin Reserve. Hines also a, "We're looking at many creative ways, whether it be from tariffs or something else. I mean, there are countless ways in which you can do this." Sign in to access your portfolio
