On February 5th, David Sacks answered the last question of the Q & A session of the press conference, saying that studying the feasibility of bitcoin reserves is one of the first things the president has directed him to do, and will be studied as part of an internal government working group. "Placing cryptocurrencies in sovereign wealth funds" is another question that cannot be answered at this conference.
It was previously reported that US President Donald Trump signed an executive order on Monday directing the Treasury and Commerce Departments to establish a sovereign wealth fund. Although crypto was not mentioned, Treasury Secretary Scott Bessant has expressed some interest in cryptocurrencies, while Commerce Secretary nominee Howard Lutnik is a strong supporter of the crypto industry.
David Sacks: Can't give any answer on "whether sovereign wealth funds hold crypto"
2025-02-04 20:32:37
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