China News Daily Official TheBitTimes.com

Donald Trump’s crypto czar David Sacks says the US could add more Bitcoin to its strategic crypto reserve, as Japan-based Metaplanet ramps up its BTC buying spree. Speaking at a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss at the Bitcoin 2025 conference in Las Vegas yesterday, Sacks said the US government can acquire more BTC as long as it is done in a “budget-neutral” way.  Path For US Government To Buy More Bitcoin Does Exist, But Will Need Approval Sacks said he “can’t promise anything,” but a pathway for the government to buy more Bitcoin does already exist. The main challenge, according to him, is getting US Commerce Secretary Howard Lutnick and US Treasury Secretary Scott Bessent on board with the idea.  “The question is, can we get either the Treasury Department or the Commerce Department to get excited about that because if they do and they can figure out how to fund it, they actually do have presiden...

David Sacks, the “crypto czar,” hosted a press conference alongside Representative French Hill, Senator John Boozman, Senator Tim Scott, and Representative GT Thompson to assure the world that they hope to advance stablecoin and cryptocurrency market structure legislation in both the House and the Senate in the coming months. The congressmen indicated that the market structure bill was likely to resemble the earlier FIT 21 bill, which would make the Commodity Futures Trading Commission (CFTC) the principal market regulator for any cryptocurrency that fit its broad definition of decentralized. However, certain roles would be preserved for the Securities and Exchange Commission (SEC) .  Additionally, the congressmen suggested that the stablecoin bill would resemble the bill recently introduced by Senator Bill Hagerty. This legislation will reportedly make the Federal Reserve and the Office of the Comptroller of the Currency (OCC) the regulators who would oversee diffe...