President Donald Trump wants to make the U.S. the ‘crypto capital of the world,’ and a top White House cryptocurrency policy official said that the administration is well on its way to ushering in ‘the golden age for digital assets.’ 

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, sat for an exclusive interview with Fox News Digital this week to outline the Trump administration’s work thus far in the cryptocurrency space.

Cryptocurrency, or ‘crypto’ for short, is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography that enables secure online payments for individuals or businesses.

‘The president has made this a priority, and it is a testament to his leadership and his knowledge in the space,’ Hines explained. ‘Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world.’ 

Hines told Fox News Digital that officials have focused on ‘clearing the deck’ and ensuring that ‘what was happening under the Biden regulatory regime has been rescinded and repealed.’ 

Under the Biden administration, Hines said Americans using cryptocurrency went ‘offshore due to the nature of attacks they specifically received under the Biden regime.’ 

‘We will start seeing a lot of those players come back to the United States in short order because, look, we are the greatest country in the world. People want to innovate here. People want to build here. And this space is no different,’ he said. ‘At the end of the day, the largest players to the smallest players want to be operating in the United States—they just need a clear set of rules to abide by to do so.’ 

Hines said that under the Biden administration, ‘rather than welcoming in innovation and encouraging technological developments, they went after these people.’ 

‘We’ve been in the demolition phase—removing a lot of those barriers that the Biden regime put up so that people can actually start building back here in the United States.’

‘My main message to players in the crypto space has been—welcome home,’ Hines said. ‘We are going to create the most pro-crypto-friendly regulatory environment that anyone could possibly imagine because we understand how important the innovation is here in this space.’ 

Hines explained that during the first week of the second Trump administration, the president set up the interagency working group—the President’s Council of Advisers on Digital Assets—which includes officials from the Treasury Department, the SEC, CFTC, Attorney General Pam Bondi, and more. 

Trump’s executive order directed the working group to explore several digital asset-related issues, including looking into the ‘potential creation and maintenance of a national digital asset stockpile’ and proposing ‘criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.’

‘With this group and other White House offices, we are working on delivering on the president’s promise to clear the deck and have all of these burdens and regulations lifted,’ Hines said. 

The group is currently in the process of compiling recommendations and building a comprehensive report they will deliver to the president later this year. The report is designed to explain the ‘clearest regulatory environment possible’ in the space, and recommendations for how the U.S. maintains its role as ‘the dominant leader in the space across the globe.’ 

As for legislation, Hines pointed to the Stablecoin Transparency and Accountability for a Better Ledger Economy, or the STABLE Act. That legislation, which passed out of the House Financial Services Committee on a bipartisan vote, establishes framework for the issuance and operation of dollar-denominated payment stablecoins in the U.S. 

‘I think the Stable Coin legislation could be the first really, truly large and meaningful piece of legislation that the president signs in the first year of a second term,’ Hines said, noting it would ‘truly revolutionize the financial system for years to come.’ 

‘I think that Americans will see that once this legislation is through—once this regulatory framework is established—the way in which they move their money will be changed forever,’ Hines said. ‘You will see that Americans will have better access to quicker payments and better access to transparency.’ 

The Department of Energy, the Department of the Interior and the Environmental Protection Agency are set to announce a bevy of new actions Tuesday afternoon that will ‘unleash’ coal energy following President Donald Trump’s expected signature on an executive order reinvigorating ‘America’s beautiful clean coal industry,’ Fox News Digital learned. 

‘The American people need more energy, and the Department of Energy is helping to meet this demand by unleashing supply of affordable, reliable, secure energy sources — including coal,’ Department of Energy Secretary Chris Wright said in a Tuesday statement provided to Fox News Digital. 

‘Coal is essential for generating 24/7 electricity generation that powers American homes and businesses, but misguided policies from previous administrations have stifled this critical American industry,’ he said. ‘With President Trump’s leadership, we are cutting the red tape and bringing back common sense.’

Trump is expected to sign an executive order Tuesday afternoon that will cut through red tape surrounding the coal industry, including directing the National Energy Dominance Council to designate coal as a ‘mineral,’ end a current pause to coal leasing on federal lands, promote coal and coal technology exports, and encourage the use of coal to power artificial intelligence initiatives, Fox News Digital learned of the upcoming executive order. 

The Departments of Energy and the Interior and the EPA will take actions supporting the Trump executive order Tuesday, including the Interior ending the current moratorium on federal coal leasing and removing regulatory burdens for coal mines, a press release first obtained by Fox Digital shows. 

‘The Golden Age is here, and we are starting to ‘Mine, Baby, Mine’ for clean American coal,’Department of the Interior Secretary Doug Burgum said in a statement provided to Fox News Digital. ‘Interior is unlocking America’s full potential in energy dominance and economic development to make life more affordable for every American family while showing the world the power of America’s natural resources and innovation.’ 

The Interior Department explained that by expanding acces to coal reserves and cutting through red tape surrounding the permitting process, ‘the administration is removing long-standing regulatory barriers that have undermined American coal production.’

‘These efforts support high-paying mining jobs and rural economies, while strengthening U.S. energy independence by reducing reliance on foreign energy sources,’ the press release stated. ‘Coal is a critical component of a secure, stable and diversified American energy portfolio.’ 

At the Department of Energy, Wright is expected to announce five initiatives to strengthen coal innovation and mineral independence, Fox Digital learned. The five actions include: Reinstating of the National Coal Council; facilitating new investment in coal-powered electricity generation; the designation of steelmaking coal as a critical material and mineral; deploying mineral extraction technology from coal ash; and commercializing coal ash conversion technologies. 

The National Coal Council is a 50-member federal advisory committee that was established in 1984, but saw its charter expire under the Biden administration in 2021. The council acted as a guide for the government while navigating coal technologies and markets. Once reinstated, the council will include coal producers, users, equipment suppliers, state and local officials, and other stakeholders, according to a Department of Energy press release first obtained by Fox News Digital Tuesday. 

The Energy Department’s Loan Program Office’s Energy Infrastructure Reinvestment (EIR) Program will also make $200 billion in financing available for coal energy investments, such as upgrading energy infrastructure and building new facilities that utilize legacy energy infrastructure.

The Department of Energy also will work with the Interior Department to recommend that coal, in the context of steelmaking, be designated as critical material and a critical mineral in the 2025 Critical Materials Assessment. 

‘This strategic designation will help ensure the U.S. maintains a stable supply of steelmaking coal in the decades to come and underscores the vital role of steelmaking coal in bolstering national security and economic stability,’ the Energy Department explained of the initiative. 

The department is also expected to heighten its focus on coal ash, specifically employing its newly patented technology to extract critical minerals from coal ash, and commercializing the recovery of critical minerals from coal ash, which the Department of Energy said will reduce the U.S.’ reliance on China for such materials. 

‘The Energy Department is committed to restoring American energy dominance and strengthening America’s industrial base,’ the Department of Energy said of the initiative. ‘Secretary Wright will continue to work with all members of the National Energy Dominance Council to eliminate unnecessary regulatory burdens on coal and unleash American energy.’ 

While the EPA is set to announce that $5.8 million in State and Tribal Assistance Grants funds will be made available to provide grants assisting states in the implementation of EPA-approved state Coal Combustion Residual program, which comes after Zeldin’s EPA already has taken a handful of coal-related actions, such as reconsidering the Biden-era ‘Clean Power Plan 2.0.’ plan and revising coal regulations. 

‘President Trump is delivering on the mandate Americans gave him last November by empowering different forms of domestic energy to drive down costs, increase domestic energy supply, and improve our grid security as we pioneer the path to become the Artificial Intelligence capital of the world,’ EPA Administrator Lee Zeldin said in comment provided to Fox News Digital. 

‘The Obama and Biden administrations deliberately tried to regulate coal out of existence. Under my leadership, economic growth and environmental stewardship are not mutually exclusive choices. We are committed to supporting all forms of energy, including clean beautiful coal, and have already taken steps to bolster America’s energy dominance and make energy affordable again while ensuring we have the cleanest air, land and water on the planet,’ Zeldin added. 

Producing energy at home in the U.S. was a cornerstone of Trump’s campaign, with the then-candidate vowing that the U.S. would no longer rely on foreign nations for oil by reinvigorating the coal industry, and tapping oil in the U.S.

‘We will develop the liquid gold that is right under our feet, including American oil and natural gas and we will also embrace nuclear, clean coal, hydropower, which is fantastic, and every other form of affordable energy to get it done,’ Trump said in 2023. 

The Tuesday executive order is expected to build on Trump’s pledge to make the U.S. energy independent while also providing cheaper energy costs to Americans, and follows previous actions such as withdrawing from the Paris climate agreement, terminating the liberal climate plan dubbed the Green New Deal in a January executive order, and reversing a pause on liquefied natural exports, a fact sheet on the upcoming executive order argued. 

SpaceX and Tesla CEO Elon Musk sparred on social media Tuesday with White House Senior Counselor Peter Navarro, after Navarro said in an interview Monday that Tesla was a car ‘assembler’ rather than a manufacturer. 

‘Tesla has the most American-made cars. Navarro is dumber than a sack of bricks,’ Musk said in an X post on Tuesday. 

‘Navarro is truly a moron,’ Musk said in a separate post. ‘What he says here is demonstrably false.’ 

Both Navarro and Musk are two of Trump’s closest advisors, and Navarro previously served in Trump’s first administration as the director of the White House National Trade Council and the director of the Office of Trade and Manufacturing Policy. 

Musk is currently spearheading the Trump administration’s Department of Government Efficiency initiative to curb government waste and spending as a ‘special government employee.’ 

The executive or legislative branches are permitted to take on temporary employees to address short-term projects for up to 130 days in a single 365-day period, which will expire at the end of May for Musk. 

The tension between the two advisors comes days after the Trump administration unveiled a host of tariffs Wednesday. The policy sets out a baseline duty of 10% on all imports to the U.S., in addition to customized tariffs for countries that have higher tariffs in place on American goods.

Meanwhile, Musk is an advocate for free-trade policies. 

Navarro told CNBC in an interview Monday that Musk is a ‘car person’ who wants ‘cheap, foreign parts.’ 

‘When it comes to tariffs and trade, we all understand in the White House, and the American people understand, that Elon is a car manufacturer, but he’s not a car manufacturer,’ Navarro said. ‘He’s a car assembler.’ 

Musk and Navarro could not be reached for comment by Fox News Digital. 

White House press secretary Karoline Leavitt brushed off the disagreement as a sign of the administration’s transparency. 

‘Whatever,’ Leavitt said, according to CNBC. ‘We are the most transparent administration in history, expressing our disagreements in public.’

The White House referred Fox News Digital to Leavitt’s comment to CNBC when asked to weigh in on the matter. 

Meanwhile, Senate Minority Leader Chuck Schumer, D-N.Y., said the episode exposed the ‘chaos’ within the Trump administration. 

‘The chaos within the Trump administration was shown a few minutes ago when Elon Musk called Peter Navarro, the chief architect of these tariffs, a moron,’ Schumer said on the Senate floor Tuesday. ‘That’s Musk’s word. He called him a moron. Their plan is so crazy, so controversial, that this administration cannot get its act together with them calling names about each other to against one one another about this tariff plan.’ 

China is pushing back Tuesday after Vice President JD Vance told Fox News last week that the U.S. borrows ‘money from Chinese peasants to buy the things those Chinese peasants manufacture.’ 

Vance, during an interview with ‘Fox & Friends,’ made the remark while speaking about the effects of the Trump administration’s tariffs. 

‘I think it’s useful for all of us to step back and ask us, ask ourselves, what is the globalist economy gotten the United States of America? And the answer is fundamentally, it’s based on two principles — incurring a huge amount of debt to buy things that other countries make for us, and to make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,’ Vance said.  

When asked about Vance’s comments on Tuesday, Chinese Foreign Ministry Spokesperson Lin Jian said, ‘To hear words that lack knowledge and respect like those uttered by this Vice President is both surprising and kind of lamentable. 

‘China has made its position perfectly clear on its trade relations with the U.S.,’ he added. 

The White House did not immediately respond to a request for comment from Fox News Digital. 

China’s criticism of Vance on Tuesday comes as the U.S. and China are involved in an escalating dispute over tariffs. 

‘Remember the during the first Trump administration, everybody said that Trump’s tariffs were going to be inflationary back then. What actually happened — we had 1.5% inflation, we had the fastest growing economy in a generation. And we had the beginning of a manufacturing renaissance in the United States of America,’ Vance told Fox News. ‘Then, of course, we had four terrible years of the Biden administration.’ 

‘We’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now,’ he also said. ‘President Trump is taking this economy in a different direction. He ran on that. He promised it. And now he’s delivering.’ 

Treasury Secretary Scott Bessent will be on Capitol Hill again on Wednesday to meet with a key Republican caucus, Fox News Digital has learned.

A source familiar with the planning told Fox News Digital that Bessent is among the speakers at the Republican Study Committee’s weekly lunch on Wednesday. Discussions are likely to focus on tariffs and the budget reconciliation process, the source anticipated. It comes as House Republicans wrestle with a way forward on both fronts.

On tariffs, some Republican lawmakers have said they would like more clarity from the White House on President Donald Trump’s plans – including whether his sweeping import taxes on friends and foes are a negotiation tactic or a matter of long-term policy.

One GOP lawmaker told Fox News Digital that Trump’s messaging has been ‘well-received’ but added, ‘It would be nice to have more information.’

Rep. Don Bacon, R-Neb., who is leading a bipartisan bill to retake Congress’ power on tariffs, told reporters on Tuesday, ‘I don’t like the thought of waging a trade war with the entire world, and that’s what we’re doing right now.’ 

‘I mean, I surely support tariffs on China. It’s not that I oppose all tariffs, I think there are some countries that would need it. But I question why on Canada,’ Bacon said.

Others, like Rep. Mike Haridopolos, R-Fla., were more supportive – though he also signaled he saw it as more of a negotiating tool.

‘I believe in fair and free trade, I really do, but what we have right now is not fair, and it’s not free – we pay a disproportionate tax to other nations,’ Haridopolos told Fox News Digital. ‘Whatever you tax me, I’ll tax you. Even better, if there’s no tax between the two countries, that’s a win for the United States in general.’

‘I think the president has taken a strong position to say, ‘We’re a very generous country, and….all we’re asking for is for our trading partners to treat us the way they want to be treated.”

The Republican Study Committee has more than 170 members and acts as the House Republican conference’s de facto think tank at times.

Bessent, meanwhile, opened the door to using tariffs as a hardball tactic in trade talks with other countries – likely welcome news for Republicans who were concerned about the long-term impact on their districts.

He told CNBC on Tuesday morning that he and U.S. Trade Representative Jamieson Greer were tapped to lead talks with Japan. He also said Trump himself would be ‘directly involved in those negotiations.’

‘There are 50, 60, maybe almost 70 countries now who have approached us. So it’s going to be a busy April, May, maybe into June. And Japan is a very important military ally,’ Bessent said. ‘And the U.S. has a lot of history with them, so I would expect that Japan’s going to get priority, just because they came forward very quickly. But it’s going to be very busy.’

On the other end, the White House is working with House GOP leaders to convince critics of the Senate’s version of a sweeping bill to advance Trump’s agenda.

Republicans are aiming to use their majorities to pass a massive piece of legislation dealing with border security, energy and defense, as well as extending Trump’s 2017 tax policies. 

Fiscal hawks are angry that the Senate’s version of the bill mandates a minimum of $4 billion in cuts, whereas the House plan calls for at least $1.5 trillion.

Fox News Digital reached out to the Treasury Department but did not immediately hear back.

The Supreme Court on Tuesday sided with the Trump administration and upheld the mass firing of tens of thousands of probationary federal employees, granting a request for an emergency administrative stay on a lower court order blocking the firings.

The majority of the high court ruled that the plaintiffs, nine non-profit organizations who had sued to reinstate the employees, lacked standing to sue. 

‘The District Court’s injunction was based solely on the allegations of the nine non-profit-organization plaintiffs in this case. But under established law, those allegations are presently insufficient to support the organizations’ standing,’ the court said in an order. 

Justice Sonia Sotomayor and Justice Ketanji Brown Jackson would have denied the application for a stay.

In their final brief to the Supreme Court, government attorneys argued that lower courts overstepped their authority by ordering the reinstatement of probationary employees last month.

The legal battle stems from the termination of an estimated 16,000 probationary federal employees since President Donald Trump took office, prompting a wave of lawsuits from Democrat-led states and former workers.

Probationary employees are particularly vulnerable to termination because they lack the civil service protections granted to full-time federal workers, which typically take effect after a designated period of service.

Justice Department lawyers have warned that forcing the government to rehire those employees would create ‘chaos’ across federal agencies. They have also maintained that the firings were tied to poor performance – an allegation the dismissed employees strongly dispute.

Last month, a federal judge in Baltimore ordered the Trump administration to reinstate probationary employees who had been fired from multiple government agencies.

Chief Judge James Bredar also directed the administration to return within seven days with a list of the affected employees and an explanation of how the agencies were complying with the reinstatement order.

In their Supreme Court filing, the plaintiffs argued that the Trump administration’s ‘decimation’ of probationary staff had caused deep and lasting harm to key federal agencies.

At the Department of Veterans Affairs – already plagued by chronic understaffing – the layoffs have ‘already had and will imminently continue to have’ serious negative consequences for those who rely on its services, the plaintiffs wrote.

‘Similarly, cuts to the Forest Service and Bureau of Land Management have already harmed and will continue to harm the ability of Respondent environmental and outdoor organizations to enjoy and protect a wide range of federal lands and resources,’ they said.

The plaintiffs, represented by the American Federation of Government Employees, argued that the terminations have already caused significant disruption across the federal government, impairing agencies’ ability to carry out critical functions.

Most recently, a federal judge in Maryland expanded an order this week requiring the Trump administration to rehire terminated probationary federal employees. The ruling also barred the administration from carrying out future mass firings of probationary staff unless done in accordance with federal laws governing employee removals.

That includes providing affected employees with a 60-day notice period, as required under current civil service regulations.

In a Supreme Court filing, Solicitor General John Sauer argued that the lower court’s injunction had forced the Trump administration to rehire federal workers ‘despite agencies’ judgments about what best serves their missions.’

‘Courts do not have license to block federal workplace reforms at the behest of anyone who wishes to retain particular levels of general government services,’ the government wrote in its brief.

The administration argues that reinstatement is not an appropriate remedy in this case, claiming it exceeds the court’s authority – and that even if the terminations were deemed ‘unlawful,’ that still would not justify such a sweeping order.

House Republicans are in disarray ahead of an expected Wednesday afternoon vote to advance the Senate’s version of a massive bill advancing President Donald Trump’s agenda. 

Several people who spoke with Fox News Digital said they were concerned that even the president may not be able to sway holdouts ahead of a planned Wednesday vote – despite Trump’s ability to do so on key pieces of legislation on multiple occasions this year.

‘This one is tough to tell,’ one senior House Republican said when asked if Trump could persuade enough critics to pass the legislation. ‘There’s a level of distrust, historically – that from [$1.5 trillion] to $4 billion, it’s like, why did we go so low?’

Fiscal hawks’ chief concerns with the bill lie in the differences between minimum mandatory spending cuts. 

The House’s version, which the chamber passed in late February, calls for at least $1.5 to $2 trillion in federal spending cuts to offset the new spending for Trump’s priorities on defense, the border and taxes. 

The Senate passed an amendment to the House version over the weekend that, while closely mirroring the lower chamber, called for at least $4 billion in spending cuts.

Sources told Fox News Digital that there are as many as 30 to 40 people who have at least shared serious concerns about the bill.

Some skeptics are expected to be part of a group of House Republicans heading to the White House on Tuesday afternoon to meet with Trump.

But at least three lawmakers who have shared concerns about the bill – Reps. Tim Burchett, R-Tenn., Ralph Norman, R-S.C., and Keith Self, R-Texas – said they were not invited.

Meanwhile, House Freedom Caucus Chairman Andy Harris, R-Md., signaled to reporters that he turned the invitation down.

‘There’s nothing I don’t understand about this issue. So, you know, let the president spend time with people who maybe will change their mind,’ Harris said. 

He said of Trump’s influence, ‘It’s not going to help getting enough votes to pass this week. It’s just, there too many members who are just not going to vote for it, no matter what.’

‘I don’t see it happening,’ a second House Republican told Fox News Digital when asked if Trump could get the legislation over the line.

Rep. Eric Burlison, R-Mo., said, ‘I love the president,’ but similarly doubted whether the legislation could pass a Wednesday afternoon vote.

‘I think that because what the Senate sent over is so financially immoral, that it doesn’t matter how much pressure, there’s so many of us that can’t swallow it,’ he told reporters.

Congressional Republicans are working on a massive piece of legislation that Trump has dubbed ‘one big, beautiful bill’ to advance his agenda on border security, defense, energy and taxes.

Such a measure is largely only possible via the budget reconciliation process. Traditionally used when one party controls all three branches of government, reconciliation lowers the Senate’s threshold for passage of certain fiscal measures from 60 votes to 51. As a result, it has been used to pass broad policy changes in one or two massive pieces of legislation.

Trump publicly called for House Republicans to fall in line to pass the Senate version on Monday night.

‘There is no better time than now to get this Deal DONE! The House, the Senate, and our Great Administration, are going to work tirelessly on creating ‘THE ONE, BIG, BEAUTIFUL, BILL,’ an appropriate name if Congress so likes. Everyone is going to be happy with the result,’ he wrote on Truth Social. ‘THE HOUSE MUST PASS THIS BUDGET RESOLUTION, AND QUICKLY – MAKE AMERICA GREAT AGAIN!’

House GOP leaders have argued that passing the Senate’s version is a critical step to unlocking the main portion of the reconciliation process, where the relevant committees find ways to enact conservative policy goals in line with the funding set out by Republicans’ reconciliation framework.

They’ve also insisted that passing the Senate’s version does not impede the House from working toward its more conservative goal.

‘The budget resolution is not the law, OK? All this does is it allows us to continue the process, begin drafting the actual legislation that really counts. And that’s the one big, beautiful bill. Number two, the Senate amendment makes no changes to the reconciliation instructions that we put into the budget resolution. So our objectives remain intact,’ Speaker Mike Johnson, R-La., said during his weekly press conference.

‘Number three, any final reconciliation bill has to include historic spending reductions that we included in our, resolution while also safeguarding essential programs.’

But fiscal hawks critical of the bill, like Harris, are pushing Republican leaders to allow the House to begin working on its reconciliation bill now and forcing the Senate to reckon with that proposal.

And some Republican holdouts are optimistic that Trump could get them to a point where they can support the legislation Wednesday.

‘I sure hope he can,’ Norman told Fox News Digital. ‘We’re in favor of what he’s doing.’