US Evaluates Strategic Bitcoin Reserve Under David Sacks
- David Sacks, appointed as Crypto Czar by Donald Trump, is evaluating a Strategic Bitcoin Reserve.
- The initiative is part of an internal working group established by an executive order from Trump.
- The evaluation process is in early stages, pending US Senate confirmation of cabinet members.
- Stablecoins are highlighted as a means to bolster US dollar dominance and demand for US treasuries.
- Senator Bill Hagerty introduced the GENIUS Act to regulate stablecoins with USD-backed reserves and oversight.
The creation of a Strategic Bitcoin Reserve is being considered by David Sacks’ team, following directives from President Trump, while stablecoins are promoted to strengthen the US dollar’s global position.
Source (2.6)https://coingape.com/just-in-crypto-czar-david-sacks-reveals-the-us-is-evaluating-a-bitcoin-reserve/?rand=24432
