On May 27, 2025, US President’s crypto czar, David Sacks, has revealed a potential pathway for acquiring more bitcoin for the U.S. strategic reserve. This strategic move comes in the wake of Donald Trump’s executive order from March 2025, which established the reserve as a key component of US digital asset policy.
US Crypto-Focused Executive Action
- During a discussion with Gemini co-founders, Cameron and Tyler Winklevoss, Sacks mentioned that while federal purchase of bitcoin is not guaranteed, there exists a potential pathway for it. Sacks stated, “I can’t promise anything, but there is a pathway to doing that… if they can figure out how to fund it, they actually do have presidential authorization ready.”
- The executive order issued in March allocated 200,000 Bitcoin ($22 million), which were seized from civil and criminal assets.
- Sacks proposed utilizing surplus funds from other government programs to finance such acquisitions. He also indicated that if the US can persuade Howard Lutnik and Scott Bressent to make purchases, there would be no need for additional cryptocurrency taxes.
- Crypto Agenda – President Trump aims to advance the US crypto agenda by August through this strategy. In addition to the Bitcoin reserve plan, David Sacks has outlined other crypto policies for the US, including the expected passage of the Genius Act Stablecoins bill and the market structure bill before August. These initiatives are designed to reshape the US crypto landscape and prevent regulatory setbacks.
The Budget-Neutral Plan
- Sacks clarified that the federal government can acquire bitcoin only in a budget-neutral manner. He stated, “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.”
- According to the guidelines, the government can expand its bitcoin holdings without increasing the national debt or imposing new taxes. Cabinet officials are tasked with devising strategies to finance such acquisitions, which may involve reallocating unused funds from existing federal programs.