David Sacks: The U.S. government will not acquire other crypto assets for strategic reserves other than confiscated assets "
Internet reports that David Sacks, White House director of AI and cryptocurrency, posted on social media that the executive order signed by President Trump also established a U.S. digital asset reserve, including digital assets other than Bitcoin confiscated in criminal or civil litigation. The government will not purchase assets other than those acquired through confiscation procedures for reserve assets. The purpose of the Reserve Bank is to manage government digital assets under the leadership of the Ministry of Finance.
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