Author: C Labs Crypto Observation
Bo Haines, executive director of President Trump's Digital Asset Advisory Committee, said in an interview that the United States could use the proceeds from its gold reserves to buy more Bitcoin.
Haines cited the 2025 Bitcoin Act, which is being promoted, which advocates that the United States obtain 1 million Bitcoins within five years, accounting for about 5% of the total supply of Bitcoin.
When it comes to the most sensitive source of funds, Haines said that the purchase of Bitcoin will be funded by selling the Federal Reserve's gold certificates.
We have introduced Bo Haines before (the head of the encryption committee appointed by Trump is a football star!), as a post-95s, his words are really shocking!
This news was widely reprinted in mainstream media in the United States, including Forbes/CNN/Telegraph, etc.
However, from a realistic perspective, any major policy changes involving gold reserves usually require congressional approval and detailed legislative procedures, and are unlikely to be implemented quickly through executive orders alone.
The United States has the world's largest gold reserves (about 8,133 tons), which are stored in the Federal Reserve and military bases, mainly used to support the credit of the US dollar and respond to economic crises.
Some time ago, Musk and Trump both announced that they would investigate the real inventory of US gold reserves (the US gold reserves may be fake?!). Moreover, when the news came out, a large amount of gold from Europe flowed back to the United States, even setting a historical record.
If there is really a problem with the US gold reserves, can it be exchanged for Bitcoin through the Federal Reserve's gold certificates to make up for the shortfall in gold spot?
Anyway, investors who buy gold certificates cannot withdraw gold spot from the vault.
Let me briefly introduce the "Bitcoin Act":
The bill was introduced in the U.S. House of Representatives and Senate on March 11, 2025, respectively, to establish a "Strategic Bitcoin Reserve" and plans to purchase 1 million bitcoins (about 5% of the total supply of 21 million bitcoins) through the U.S. Treasury within five years and hold them for at least 20 years.
This reserve will be mainly financed through existing federal funds (such as the Federal Reserve surplus or the revaluation of gold certificates), with the goal of "no burden on taxpayers."
In addition, President Trump signed an executive order on March 6, 2025, formally establishing the "U.S. Strategic Bitcoin Reserve", which initially used about 200,000 bitcoins obtained by the government through criminal and civil forfeiture procedures.
The Bitcoin Act further legalizes the reserve policy on this basis, making it unaffected by future administrative changes.
President Putin has called Bitcoin "unstoppable" and expressed confidence in crypto's growth, regardless of the US dollar's future. Russia is advancing digital asset adoption with a new crypto law, VAT exemptions for mining, and exploring crypto payments.
CatherineApple is partnering with Baidu to integrate AI into iPhones in China, but the collaboration faces challenges with Baidu's AI models struggling to meet user expectations and privacy concerns over data handling. Despite these issues, Apple continues to fund Baidu’s AI development to enhance the experience on its devices.
AnaisBitcoin hit a new all-time high today, surpassing $103,000, driven by strong market sentiment, especially after Donald Trump’s election victory. The cryptocurrency has surged 126% since the start of 2024. Could 2025 be an even stronger year for Bitcoin?
KikyoA 19-year-old hacker, Remington Ogletree, is accused of working with the cybercrime group Scattered Spider to hack telecom companies and a US financial institution, causing $4 million in damages. He allegedly used phishing and SIM-swapping to steal data and cryptocurrency, highlighting the growing threat of cybercrime.
WeatherlyCrypto founders secured nine spots in Forbes' 2025 “30 Under 30” finance list, highlighting blockchain's rising impact on finance. Will the time come when crypto pioneers dominate the list entirely?
CatherineOpenAI has partnered with Anduril to integrate AI into military systems, focusing on countering drone threats. This marks a shift for OpenAI, which previously avoided military applications, as it works with defence contractors to improve national security technology.
AnaisHailey Welch's $HAWK memecoin quickly soared to a $500 million market cap before crashing by 91% within hours, sparking suspicions of insider trading and potential fraud. The controversy has led to calls for legal action, with investors questioning whether the project was a scam.
WeatherlyBitcoin surpassed $100,000 on 5 December, driven by growing optimism following Trump’s pro-crypto appointments, including Paul Atkins for SEC Chair. This milestone signals investor confidence in a crypto-friendly future under Trump’s upcoming administration, which takes office on 20 January 2025.
JoyThe SEC has intensified its legal action against Binance and former CEO Changpeng Zhao, accusing them of operating as an unregistered securities exchange. This follows an amended lawsuit claiming the sale of unregistered cryptocurrencies like Solana and Cardano on their platform.
AnaisDubai has become a hotspot for major cryptocurrency scams, with fraudulent schemes like HyperVerse, OneCoin, and Bitconnect defrauding billions from investors. Despite efforts to improve regulations, the UAE's weak oversight has allowed scammers to thrive, drawing international concern.
Weatherly