PANews reported on March 14 that according to Decrypt, at a closed-door roundtable hosted by the Bitcoin Policy Institute on Tuesday, Bo Hines, executive director of the US Presidential Digital Asset Task Force, told attendees that the White House intends to acquire as much Bitcoin as possible. When someone in the room asked how many Bitcoins the US government might eventually acquire, Hines joked that the question was like asking someone how many dollars they wanted.

A White House official confirmed that Hines did make the statement about acquiring as much Bitcoin as possible, but added that any such acquisitions would be “done in a budget-neutral manner and would not cost taxpayers a penny.” A White House official stressed that Hines did not support any specific legislation during the event.