On February 5th, David Sacks replied in the last question of the question session of the press conference that studying the feasibility of Bitcoin reserves is one of the first things the president has instructed him to do and will be conducted as part of an internal government working group. "Putting cryptocurrencies in sovereign wealth funds" is another question that cannot be answered at this press conference. It was previously reported that U.S. President Donald Trump signed an executive order on Monday instructing the Treasury and Commerce Departments to establish a sovereign wealth fund. Although there is no mention of crypto, Treasury Secretary Scott Bessant has expressed some interest in cryptocurrencies, while Commerce Secretary nominee Howard Lutnick is a staunch supporter of the crypto industry.