White House AI and Crypto Caesar David Sachs say that the US may buy more bitcoins if the government can fund purchase in a “budget-plate” manner without a tax or join the growing national loan.
Sax told Mithun’s co-founder Cameron and Tyler Vinklevos during Fireside Chat on 27 May Bitcoin 2025 Conference When he “cannot promise anything,” a route exists for the government to buy more bitcoins (BTC,
However, it will need to be assured to buy the Commerce Secretary Howard Lootnik or Treasury Secretary Scott Besan and “without adding a new tax or without adding to the loan,” Sachs said, “Sachs said,” maybe we can expect more bitcoin to detect money from another program that is not using it. ,
“The question is whether we can get either Treasury Department or Commerce Department to get excited about it because if they do and they can find out how to fund it, they actually have the President’s Authority,” Sachs said.
If it does not budget then we can buy bitcoin
Executive Order of 6 March Authorizing the construction of a Crypto Reserve states Anyone will catch it Bitcoin seized As part of criminal or civil property.
Sachs allows the part of the executive order “allow the government to buy more” if it is done in a budget-plate manner “.
“In particular, if either the Department of Commerce or Treasury can find out how to fund it without adding the loan, they are allowed to create those programs,” he said.
America has about 198,012 bitcoins, According For the April 1 report from coingcko, Worthy More than $ 21 billion at current prices.
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Most of its holdings came from two seizures connected to the online marketplace silk road, one in November 2020 69,370 bitcoinAnd in March 2022, another who seized 51,351 bitcoins to the authorities.
America also seized 94,636 bitcoins Bitfinex Hacker ilya from Lichtenstein On January 31, 2022, the authorities were hacked in their cloud storage account, including a file of about 2,000. Crypto wallet addresses And this private key.
In January, US justice department Get green light 198,109 to sell bitcoins. Earlier, the government sold a small part of its holdings in March 2023, when it was removed. 9,861 bitcoin for $ 215.7 million,
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