Encryption Tsar David Sacks claims that the United States may "acquire more Bitcoin"

CoinNetwork · 2025-05-28T15:16:22+00:00

David Sachs, the AI and Crypto Assets czar at the White House, stated that Trump's executive order on Crypto Assets is expected to allow the government to purchase Bitcoin in a "budget-neutral" manner, as long as no taxes or national debt are increased. He emphasized the need to persuade the Department of Commerce and the Department of the Treasury to agree to reallocating funds from other projects in order to achieve this goal, thereby increasing the U.S.'s holdings of Bitcoin.

CoinNetwork

2025-05-28 15:16:22

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The White House artificial intelligence and crypto assets czar David Sacks said that Donald Trump’s crypto assets executive order allows the government to purchase more Bitcoin as long as it is done in a way that does not affect the budget. David Sacks stated that if the government could fund the purchase of Bitcoin in a “budget-neutral” manner, without raising taxes or increasing the growing national debt, then the United States could potentially buy more Bitcoin. Saks said at the Bitcoin 2025 conference on May 27 to Gemini co-founders Cameron Winklevoss and Tyler Winklevoss that while he “cannot promise anything,” the government does have a way to purchase more Bitcoin. However, this requires convincing Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to agree to the purchase and to provide funding “without imposing new taxes or increasing debt,” Sachs said. “Perhaps funding could be found from some other unused projects—then we would have the potential to acquire more Bitcoin.”

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