- David Sacks, Trump’s AI & Crypto Czar, revealed his six-month plan for U.S. cryptocurrency regulation during a CNBC interview.
- He is exploring the idea of a national Bitcoin reserve or digital asset stockpile as part of a broader economic strategy.
- Stablecoins are a key focus in his plan to enhance U.S. dollar dominance and generate demand for U.S. Treasuries.
David Sacks, President Trump’s newly appointed AI and Crypto Czar, revealed ambitious plans for U.S. cryptocurrency policy in a recent CNBC interview. The former Silicon Valley entrepreneur shared his strategy for launching a clear regulatory framework while looking into the possibility of a national Bitcoin reserve.
During the interview, Sacks reported productive meetings with House and Senate banking committee leaders. He showed confidence in passing comprehensive digital asset legislation within six months. A key focus of Sacks’s agenda centers on evaluating the possibility of creating a national Bitcoin reserve or digital asset stockpile. While the specifics remain under study, this initiative could potentially align with broader discussions about establishing a sovereign wealth fund.
Sacks offered a thorough analysis of digital assets’ value proposition, breaking down three distinct areas of focus. He highlighted Bitcoin’s proven track record as a secure store of value, emphasizing its dozen-year history without security breaches. The underlying blockchain technology, he explained, provides a foundation for broader innovation through decentralized computing.
The Crypto Czar placed particular emphasis on stablecoins as a strategic priority. He argued they could extend U.S. dollar dominance. Sacks outlined how bringing stablecoin innovation onshore could generate substantial demand for U.S. Treasuries, potentially helping manage the national debt and influencing long-term interest rates.
Related: SEC Cuts Crypto Unit as Trump Moves to Ease Regulations
The interview also touched on broader technology policy issues, including U.S.-China relations. Addressing China’s response to recent U.S. tariffs, Sacks defended the administration’s trade policies. He characterized the 10% tariff as a “partial corrective” to existing market imbalances.
Sacks drew attention to the change happening within Silicon Valley’s relationship with government. He also noted the support for Trump’s agenda among technology leaders. He emphasized the potential benefits of bringing Silicon Valley expertise to Washington, particularly in modernizing outdated government systems.
The conversation highlighted the administration’s broader economic concerns, with Sacks pointing to the federal government’s $2 trillion annual deficit and nearly $40 trillion debt as critical challenges to American prosperity. During the interview, Sacks outlined a vision for American cryptocurrency policy that balances adoption with strategic economic interests.
