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International Business Times
International Business Times
Business
Marvie Basilan

Trump's Crypto Czar Says Strategic Bitcoin Reserve Review A Priority, But $BTC Unmoved

David Sacks Bitcoin Crypto Donald Trump Gary Gensler United States SEC
David Sacks is Donald Trump's crypto and AI czar. (Credit: AFP)

KEY POINTS

  • Sacks specifically mentioned Bitcoin when discussing the president's order for assessing a 'digital asset stockpile'
  • Bitcoiners and $XRP users had been in a word war over assets that will be considered for a strategic crypto reserve
  • $BTC prices were barely moved by the news as the top cryptocurrency remains down by 3.5% in the day

The White House under President Donald Trump's first-ever AI and cryptocurrency czar, David Sacks, had his first press conference Tuesday, and he had some important announcements, including a priority mention for a strategic Bitcoin reserve (SBR) review.

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