Crypto Tsar David Sacks: Assessing Strategic Bitcoin Reserves is a Top Priority for Government Task Force

ChainCatcher news, according to The Block, during a Washington press conference held on Tuesday with leaders of key congressional committees, President Donald Trump's newly appointed "Head of Cryptocurrency Affairs" David Sacks outlined the new administration's broad pro-cryptocurrency agenda. When asked about the role of cryptocurrency in the recently proposed U.S. sovereign wealth fund, Sacks revealed that evaluating the potential for Bitcoin reserves is a top priority for the internal working group.

In response to a reporter's question, Sacks stated, "We are still waiting for some cabinet members in the working group to be confirmed, but once confirmations are in place, one of our top priorities will be to assess the feasibility of Bitcoin reserves." He added that the sovereign wealth fund is a different concept, and Trump-nominated Secretary of Commerce Howard Lutnick will be responsible for this matter.