US Bitcoin Reserve Discussions Gain Traction as Crypto Czar David Sacks Reveals Top Priority

David Sacks, the U.S. Crypto Czar, revealed that the administration's top priority was to assess the feasibility of a Strategic Bitcoin Reserve.

The U.S. government is considering adding Bitcoin to its Strategic Reserve, a move that has sparked excitement in the crypto community.

David Sacks, the U.S. Crypto Czar, revealed the administration's top priority during a press conference on Friday.

“The President directed us to assess the idea of a Strategic Bitcoin Reserve. It ranks among our top priorities. We're also looking at the feasibility of including Bitcoin in a Sovereign Wealth Fund,” said Sacks.

“The goal is to assess the role of Bitcoin as an excellent store of value and how we can integrate it into our national economic strategy.”

The announcement sparked excitement among crypto enthusiasts, who have long advocated for the inclusion of Bitcoin in the U.S. reserves.

However, the decision to include Bitcoin in a Sovereign Wealth Fund ultimately lies with Howard Lutnick, the nominee for Commerce Secretary.

The announcement comes amid growing calls from both Republican and Democratic lawmakers to establish a national Bitcoin reserve.

Senator Cynthia Lummis (R-WY) began talks about a national Bitcoin reserve in 2024, aiming to boost the U.S. standing in the global bitcoin market.

The idea gained further attention when President Trump brought it up in economic policy discussions on U.S. competitiveness with China.

Supporters of the initiative argue that stockpiling bitcoin could boost its long-term value, reduce the fiscal deficit without tax hikes, and strengthen the U.S. dollar.

It could also establish Bitcoin as a recognized global asset, encouraging other nations to follow suit.

According to Polymarket, the odds of a U.S. national Bitcoin reserve in 2025 rose to 47% after Sacks' speech.

The market, however, reacted bearish, with Bitcoin dipping to $96K during the announcement.

While some observers believed that Bitcoin's role in the Strategic Reserve was being finalized, Sacks' remark about “re-evaluating Bitcoin as a reserve” left the community speculating.

“We're re-evaluating Bitcoin as a reserve. It's crucial to ensure that the dollar remains strong and that there's demand for U.S. Treasuries,” said Sacks.

“We're also setting up a specialized SEC task force to improve crypto regulation and enforcement. This will help us integrate crypto into the U.S. financial system.”

The move aligns with the U.S. GENIUS Act, which seeks to establish clear crypto guidelines and encourage innovation within the country's financial hub.

“Vague regulations have driven crypto firms offshore, like FTX moving to the Bahamas,” noted Sacks.

“We need business-friendly policies to keep crypto innovation in the U.S., and that's what we're aiming for.”

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