By Mark Hunter
18 hours agoWed May 28 2025 09:02:21
Reading Time: 2 minutes
- U.S. Crypto and artificial intelligence (AI) chief David Sacks has proposed expanding the U.S. Strategic Bitcoin Reserve through budget-neutral methods
- Sacks has emphasized the necessity for increased domestic energy production to support AI and cryptocurrency sectors
- At Bitcoin 2025, he highlighted the Trump administration’s early actions favoring the crypto industry, including the establishment of a digital asset reserve
White House artificial intelligence (AI) and crypto advisor David Sacks yesterday discussed the Trump administration’s plans to bolster the nation’s cryptocurrency holdings. Speaking at the Bitcoin 2025 conference in Las Vegas yesterday, Sacks suggested that, provided it doesn’t increase the national debt, the U.S. government could expand its Strategic Bitcoin Reserve. Sacks also used his interview to underscore the importance of enhancing domestic energy infrastructure to support both AI advancements and cryptocurrency mining.
U.S. to Expand Strategic Bitcoin Reserve?
During a conversation with Gemini co-founders Cameron and Tyler Winklevoss, Sacks indicated that the U.S. government is considering increasing its Bitcoin holdings, noting that if the Department of Commerce or the Treasury Department can identify funding methods that don’t add to the national debt, they are authorized to proceed with such acquisitions. This initiative aligns with the executive order signed by President Trump in March 2025, which established the Strategic Bitcoin Reserve using assets seized through legal proceedings.
Sacks added that the reserve currently holds approximately 200,000 BTC, valued at over $17 billion, emphasizing that any further accumulation must be budget-neutral, stating, “It cannot add to the deficit, it cannot add to the debt, it cannot tax the American people.”
Energy Infrastructure and Technological Growth
Sacks also recapped the administration’s swift actions to support the cryptocurrency industry, including the pardon of Ross Ulbricht, the founder of Silk Road, and the signing of an executive order to promote U.S. leadership in digital assets. This order prohibits the development of a central bank digital currency (CBDC), ends Operation Choke Point 2.0, and establishes the President’s Working Group on digital assets.
He also took the opportunity to criticize the Consumer Financial Protection Bureau (CFPB), describing it as a tool used to “terrorize crypto companies,” and noted the administration’s efforts to defund it. Legislation aimed at providing a clear regulatory framework for digital assets was also discussed, with Sacks seeking to ensure that future administrations cannot easily reverse these policies.
Addressing the interdependence of AI and cryptocurrency sectors, Sacks highlighted the critical role of energy infrastructure, remarking, “One of the common denominators between AI and Bitcoin is that you need energy. You need power.” This underscores the administration’s focus on bolstering domestic energy production to support technological innovation.
Sacks’ speech understandably went down well with crypto fans of all persuasions, who finally have an administration geared towards safe adoption of digital assets rather than trying to run them and their creators out of town.
