The “crypto czar” David Sacks prioritizes stablecoin legislation and a Bitcoin reserve to strengthen U.S. crypto policy.
The Trump administration is considering the inclusion of Bitcoin in the federal strategic reserves. The announcement came on February 4 directly from David Sacks, the White House’s new “crypto czar,” during a press conference with Republican lawmakers.
“We’re evaluating the idea of a Bitcoin reserve — this is one of the first things we’re going to look at in the administration. We’re still in the very early stages of this process,” Sacks stated, clarifying that they are still awaiting confirmations from key cabinet secretaries before proceeding with a full analysis of the proposal.
Sacks’ remarks follow the news of the newly established U.S. sovereign wealth fund, created through a recent executive order signed by President Trump. The plan aims to monetize government assets to support national priorities.
James Butterfill, Head of Research at CoinShares, commented positively on the initiative:
“Considering the profile of the two main individuals responsible for the sovereign wealth fund, including Treasury Secretary Scott Bessent, I would be very surprised if Bitcoin were not included.”
At the same time, Congress is working on a clearer regulatory framework for digital assets. Republican Senator Bill Hagerty has introduced the GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins), a bill aimed at clearly defining stablecoins and imposing reserve and audit requirements on issuers.
Sacks underscored that such legislation would be critical in reinforcing the U.S. dollar’s dominance globally, boosting dollar-based transactions, and increasing global demand for U.S. Treasuries.
