The Trump administration has taken action for a national Bitcoin reserve.

The Trump administration has taken action for a national Bitcoin reserve.

05.02.2025 10:03

The administration of Donald Trump is developing policies for cryptocurrencies under the leadership of David Sacks. A plan to establish a national Bitcoin reserve is being considered among the White House's digital asset strategies. The sector will be supported with innovative steps.

David Sacks, the cryptocurrency advisor to the White House, announced that the administration under President Donald Trump is in the evaluation phase of plans to create a national Bitcoin reserve. This new initiative also brings a comprehensive study on digital asset policies. The administration aims to ease regulations in this area and support the sector.

Striking Bitcoin Statement from the White House's New Crypto Advisor

David Sacks, appointed as the cryptocurrency advisor to President Donald Trump, stated that the administration is considering the possibility of creating a national Bitcoin reserve. Speaking at a press conference held in Washington, Sacks noted that this issue is one of the top agenda items for the working group.

Sacks emphasized that the project is still in its early stages, stating, "The approval processes for some cabinet members are ongoing. However, this issue will be one of our priority areas in the upcoming period."

Responding to questions about collaboration with the crypto sector, Sacks announced that new authorities would be granted to the sector with an upcoming announcement, and significant steps would be taken in the area of social assistance.

It was also announced at the meeting that Republican lawmakers have established a bicameral committee for cryptocurrency regulations. Sacks, a venture capitalist with roots in Silicon Valley, has been appointed as the first senior advisor to guide the Trump administration's cryptocurrency and artificial intelligence policies. The administration aims to support the artificial intelligence and crypto industries by reducing regulations and encouraging investments.

In his first week in office, Trump established a working group focused on digital asset policies. The group, which includes the Treasury, the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, is expected to present a comprehensive regulatory framework and strategy report within six months.

Sacks's meetings with Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman Glenn Thompson drew attention. It is noted that Trump needs the support of the Republican Congress, which has changed its stance towards the sector and gained the support of the crypto industry in the 2024 elections, to implement his digital asset policies.

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