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 Winklevos said during the firecide chat on 27 May at the Bitcoin 2025 conference on 27 May, when he could “not promise anything,” there is a route for the government to buy more bitcoins (BTCs).
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
The Executive Order of March 6, authorizing the construction of a crypto reserve states, will seize any bitcoin 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 associated with the online marketplace Silk Road, in November 2020, which had 69,370 bitcoin nets, and another in March 2022 to seize 51,351 bitcoin to the officers.
After hacking in their cloud storage account, the authorities also seized 94,636 bitcoins from Bitfinex Hacker Ily Lichnstein on 31 January 2022, including about 2,000 crypto wallet addresses and a file holding in the same private keys.
In January, the US Department of Justice received green lights to sell 198,109 bitcoins. Earlier, the government sold a small part of its holding in March 2023, when it removed 9,861 bitcoins in $ 215.7 million.,
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