David Sacks: The U.S. should have established a Bitcoin reserve long ago and is willing to purchase more Bitcoin in a budget-neutral manner

ChainCatcher news, White House crypto and AI director David Sacks stated before the cryptocurrency summit: "The United States should have established a Bitcoin reserve long ago. However, our country has not developed a long-term strategy, resulting in the loss of billions of dollars. Federal departments will immediately audit crypto assets and initiate the process of creating BTC reserves and crypto inventories. There has been no discussion about selling reserve assets like gold to purchase more Bitcoin, but we are willing to buy more Bitcoin in a budget-neutral manner. This decision will be made by the Secretary of the Treasury and the Secretary of Commerce."