Sacks, who serves as President Trump’s designated “crypto czar,” outlined a potential pathway for the government to increase its Bitcoin holdings without adding to the national debt or imposing new taxes.
According to the order, the Treasury and Commerce Departments may explore budget-neutral strategies for future Bitcoin acquisitions. Sacks emphasized that any such purchases must be funded through surplus resources from existing government programs to avoid burdening taxpayers.
Sacks explained that either the Commerce Department or the Treasury Department could initiate Bitcoin purchases if they find creative ways to cover the costs.
While no decisions have been made, Sacks noted that the necessary executive authorization is already in place. “The question is just, can we get either the Treasury Department or the Commerce Department to get excited about that?” he said.
The administration also hosted the White House’s first crypto summit and continues to promote domestic Bitcoin mining by easing regulatory barriers for energy and infrastructure development.
Sacks reiterated the administration’s commitment to supporting the sector, adding that additional legislation such as the GENIUS Act and a broader crypto market structure bill are likely to pass before August.
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