Catenaa, Monday, June 09, 2025- White House crypto czar David Sacks outlined a pathway Tuesday for expanding the U.S. Strategic Bitcoin Reserve without burdening taxpayers, signaling the Trump administration could complete its pro-crypto agenda by August.
Speaking at the Bitcoin 2025 conference in Las Vegas alongside Gemini co-founders Cameron and Tyler Winklevoss, Sacks said President Donald Trump’s March executive order authorizes the federal government to acquire more bitcoin—beyond the 200,000 BTC already seized—if the purchases are budget-neutral.
Sacks emphasized that Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent have the authority to implement acquisition programs, provided no new taxes or debt are incurred.
He cited potential funding sources including government budget surpluses and proceeds from gold revaluations or the IMF’s special drawing rights.
The Strategic Bitcoin Reserve forms part of the broader digital asset strategy enacted within Trump’s first 100 days back in office. Measures include banning central bank digital currencies, ending regulatory crackdowns on crypto banking, rolling back the IRS’s decentralized finance broker rule, and pardoning Silk Road founder Ross Ulbricht.
The administration also launched a U.S. Digital Asset Stockpile to manage forfeited non-bitcoin assets but ruled out further acquisitions.
Meanwhile, Congress is advancing key legislation such as the GENIUS Act, aimed at regulating stablecoins, and a broader market structure bill, both expected to pass by August.
In a push to anchor Bitcoin mining domestically, the administration is easing energy infrastructure permitting to boost hash rate and reduce overseas dependency.
