Cryptocurrency Czar: the bitcoin reserve will be one of the first things to evaluate
In a press conference, David Sacks, the new cryptocurrency czar of the U.S., discussed the priorities of Donald Trump's government regarding cryptocurrencies, mentioning that one of the first points to evaluate by the digital assets task force is the implementation of a strategic bitcoin reserve, although this evaluation will begin when everything is ready, as confirmations from the Senate are still pending. Sacks dismissed the idea that the U.S. sovereign fund would include bitcoin, but emphasized the regulation of stablecoins to ensure the dominance of the U.S. dollar globally and create demand for Treasury bonds. Additionally, Sacks criticized the previous lack of regulatory clarity and committed to establishing a federal regulatory framework that favors innovation in cryptocurrencies and prevents the sector from relocating to other countries. He also expressed that the U.S. must lead Web3 and the creation of digital wealth on American soil.