Donald Trump’s Crypto Czar, David Sacks, has provided some optimism for the crypto community as he revealed that his team is already evaluating the creation of a Strategic Bitcoin Reserve. This came following his press conference, in which he also mentioned the progress made by his team so far.
Crypto Czar David Sacks Reveals His Team Is Evaluating A Bitcoin Reserve
In a press conference, Crypto Czar David Sacks revealed that his team is already evaluating the creation of a Bitcoin Reserve. He remarked that this is one of the first things he and his team are looking into as part of the internal working group of this administration.
He noted that they are still in the early stages of the evaluation as they are waiting on the US Senate to confirm some cabinet members. However, he assured that it is one of the first things on their agenda, having been instructed by US President Donald Trump to look into the feasibility of creating this reserve.
This provides some optimism regarding the creation of a Strategic Bitcoin Reserve. It is worth mentioning that Trump had initially signed an executive order, which established the working group on digital assets. The order only revealed that the working group, headed by David Sacks, was to look into the possibility of creating a national digital asset stockpile.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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