The White House Crypto Summit, chaired by David Sacks and attended by President Donald Trump, will address U.S. crypto policy, including the strategic Bitcoin reserve. Sacks maintains that the reserve will be budget-neutral, but ethical and regulatory concerns remain over the administration’s crypto approach.

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Sacks shared the announcement on X, formerly Twitter, promising that the effort would not "cost the taxpayers a dime.”

Trump also directed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs to American taxpayers

President Trump's executive order to establish a U.S. Strategic Bitcoin Reserve and ahead of today's ahead of inaugural Crypto Summit at the White House, chaired by Sacks

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Crypto news