David Sacks: The Ministry of Commerce or the Ministry of Finance could purchase Bitcoin without increasing debt to obtain funds.
Powered by ChatGPTForesight News reports that, according to The Block, at the Bitcoin 2025 conference held in Las Vegas, David Sacks, the White House Cryptocurrency Chief, held a fireside chat with Gemini co-founders Cameron Winklevoss and Tyler Winklevoss, outlining how the U.S. strategic Bitcoin reserve plans to acquire more Bitcoin beyond existing seized funds.
The executive order establishing the strategic Bitcoin reserve indeed allows the government to purchase additional Bitcoin on a budget-neutral basis. Specifically, if the Department of Commerce or the Treasury Department can find ways to fund the purchases without increasing debt, they are permitted to buy Bitcoin. David Sacks mentioned that surplus funds from other government programs would be used to finance such acquisitions.
David Sacks expects the GENIUS stablecoin bill to pass, and the market structure bill is likely to be introduced before August.