#USBitcoinReserves According to Odaily, David Sacks, known by his nickname 'Crypto Czar', mentioned the possibility of a Bitcoin reserve during a press conference in Washington on Tuesday. He stated that considering a Bitcoin reserve is a key issue for the government task force he is a member of. However, the task force is still in its early stages, awaiting confirmation from several cabinet members. Sacks stressed that the topic remains a top priority.

When asked about the involvement of the cryptocurrency industry in White House initiatives, Sacks mentioned that a statement would be issued in the future to allow some form of engagement with the industry.

Republican lawmakers joined Sacks at the press conference to announce the formation of a bipartisan congressional task force aimed at developing frameworks for cryptocurrency regulation. Sacks met with several Republican lawmakers, including 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. Sacks has previously hinted that the feasibility of Bitcoin reserves is being studied, but he could not comment on whether sovereign wealth funds should hold the cryptocurrency.