David Sacks, President Trump's crypto czar, spoke at Bitcoin 2025 in Las Vegas about initiatives for expanding the United States Strategic Bitcoin Reserve.
The reserve, established by executive decree, now holds around 200,000 BTC ($22B) in forfeited funds. According to Sacks, the Treasury and Commerce Departments may acquire more bitcoin if they can discover budget-neutral funding sources. These sources can be surplus money from other government initiatives.
The Trump administration has made great progress in its first 100 days when it comes to crypto. They reformed US crypto policy by pardoning Ross Ulbricht. They also ended Operation Choke Point 2.0 and prohibited CBDCs. Finally, they also established the Strategic Bitcoin Reserve.
Sacks anticipates additional reforms, including the approval of the GENIUS Act stablecoin bill and a market structure measure, before August.
The administration also intends to encourage domestic bitcoin mining by increasing US energy production and streamlining permissions for new infrastructure. Sacks expressed hope about Bitcoin's future and the possible accomplishments of the crypto community in the coming years.
