AI and Crypto Czar David Sacks Proposes Expansion of U.S. Bitcoin Purchases
Las Vegas, NV – David Sacks, the AI and cryptocurrency czar under the Trump administration, presented a vision for enhancing U.S. engagement with Bitcoin during a panel discussion at the Bitcoin 2025 conference in Las Vegas. Sacks suggested that the United States should consider expanding its Strategic Bitcoin Reserve by purchasing more Bitcoin, provided such actions can be executed without increasing federal debt.
Sacks, who participated in a discussion alongside Gemini co-founders Cameron and Tyler Winklevoss, expressed optimism about the U.S.’s proactive stance towards cryptocurrency. He noted that the administration’s early actions reflect a significant shift towards a more supportive regulatory environment for digital assets, reversing the previous years of regulatory scrutiny.
Strategic Bitcoin Reserve
The concept of a Strategic Bitcoin Reserve was highlighted during the conversation, with Sacks explaining that the reserve could potentially be funded in a budget-neutral manner. “If it can be done in a budget-neutral way—specifically, if either the Commerce Department or the Treasury Department can figure out how to fund it without adding to the debt—then they are allowed to create those programs,” Sacks asserted.
Currently, the operational framework for the reserve allows it to utilize Bitcoin that has been seized or forfeited by the U.S. Treasury due to criminal or civil asset forfeiture. However, Sacks emphasized that this does not preclude the government from acquiring additional Bitcoin.
He elaborated, “So if we can convince [Commerce Secretary Howard Lutnick] or [Treasury Secretary Scott Besson] to buy some, and they can figure out how to fund it—without a new tax or adding to the debt, maybe by reallocating funds from another program that isn’t using it—then we could potentially acquire more Bitcoin.”
Early Achievements and Future Goals
Sacks also discussed significant actions taken during the first days of President Trump’s term, including the pardon of Ross Ulbricht, the founder of the Silk Road, and an executive order aimed at promoting U.S. leadership in digital assets. This order included prohibitive measures against Central Bank Digital Currencies (CBDCs) and initiatives aimed at fostering a supportive environment for cryptocurrencies.
Highlighting the administration’s agenda, Sacks stated, “My personal favorite is that the administration defunded the CFPB, which is Elizabeth Warren’s personal regulatory agency… her personal goon squad to terrorize crypto companies.”
As part of the administration’s broader crypto strategy, Sacks anticipates the passage of several bills, including one focusing on stablecoins and another named the Genius Act. He expects that these legislative measures will lay a strong foundation for a favorable regulatory landscape for the industry.
Energy Infrastructure and Future of Tech
A recurring theme during Sacks’ discussion was the interdependence of energy infrastructure with both artificial intelligence (AI) and Bitcoin mining. He emphasized the necessity for increased energy production to support the growing demands of these technologies.
“One of the common denominators between AI and Bitcoin is that you need energy. You need power,” Sacks explained, noting the requirement for electricity to run data centers and Bitcoin mining operations.
Calling for a substantial expansion of U.S. energy production, he added, “This is something we definitely need to do more of in the United States. We need a lot more power to fuel the future of AI and crypto.”
An Eye on the Future
Looking forward, Sacks expressed confidence in the progress being made within the cryptocurrency regulatory framework, stating that there are still over three and a half years in the current administration’s term to make significant advancements.
As the conversation concluded, Sacks remained optimistic about the long-term influence of current initiatives on the crypto market. “I think just what we can accomplish over the next few years is going to be really incredible,” he remarked.
With an agenda that encompasses both technological advancement and regulatory reform, Sacks’ vision aligns closely with a goal of positioning the United States as a leading force in the global digital economy.
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