"David Sacks highlights shared features between cryptocurrency and artificial intelligence"
The Trump administration has vocalized its support for Bitcoin and is considering establishing a Strategic Digital Asset Reserve, according to a statement from David Sacks, now leading AI and crypto efforts in the White House. This potential government crypto acquisition marks a significant shift in U.S. policy towards digital assets.
At the 2025 Bitcoin conference in Las Vegas, Sacks, who spoke alongside the Winklevoss twins from Gemini, elaborated on the administration's swift policy change in favor of digital assets. He highlighted several key actions taken in the first 100 days, such as the creation of a Strategic Digital Asset Reserve and the executive order to promote U.S. leadership in digital assets.
Sacks emphasized that for this initiative to progress, the Treasury Secretary or the Commerce Secretary must support expanding the government's Bitcoin holdings. He suggested that funding for any such purchases could be derived from reallocating unused funds from other federal programs, without increasing taxes or the national debt.
In his talk, Sacks described the early days of the Trump administration's crypto policy as a whirlwind, with swift and strategic moves aimed at reshaping the regulatory landscape.He also mentioned the early actions taken, such as pardoning Ross Ulbricht on the President's first full day in office and signing a week-one executive order to promote U.S. leadership in digital assets.
Sacks further discussed the connection between Bitcoin and energy infrastructure, stating that both AI and Bitcoin require a constant power supply for their respective operations. As of now, the U.S. controls over 198,000 BTC, primarily from high-profile cases, valued at more than $21 billion.
While some states have taken independent steps towards creating a national Bitcoin reserve, others have chosen to opt out. Polymarket estimates a 48% chance that the U.S. will establish such a reserve by 2025, indicating a divide in the push towards long-term crypto independence.
For the Strategic Digital Asset Reserve to become a reality, Sacks outlined several requirements, including:
- Legislative Framework
- Funding and Asset Accumulation
- Management and Custody
- Regulatory Clarity
- Long-Term Strategy
- Transparency and Accountability
The establishment of a Strategic Digital Asset Reserve, particularly focusing on Bitcoin, represents a significant step in the integration of digital assets into the financial system. The reserve could potentially serve as a strategic store of value, aligning with broader financial and regulatory developments.
- David Sacks, discussing the Trump administration's crypto policy, highlighted the creation of a Strategic Digital Asset Reserve as one of the key actions taken in the first 100 days, emphasizing that it primarily focuses on Bitcoin.
- In response to the potential government acquisition of digital assets, Sacks suggested that funding for any such purchases could be derived from reallocating unused funds from other federal programs, thereby avoiding increases in taxes or the national debt.
- At the 2025 Bitcoin conference in Las Vegas, Sacks discussed the connection between Bitcoin and energy infrastructure, stating that both AI and Bitcoin require a constant power supply for their respective operations.
- The White House's leading AI and crypto efforts coordinator, Sacks, mentioned the need for regulatory clarity in order for the Strategic Digital Asset Reserve to become a reality, listing several requirements such as a legislative framework, management and custody, and a long-term strategy.
