David Sacks: There is no discussion of selling reserves such as gold to buy Bitcoin, but is willing to buy more Bitcoin in a budget-neutral way

Odaily News David Sacks, the White House's head of encryption, issued a statement before the cryptocurrency summit, saying: "The United States should have established Bitcoin reserves long ago. But our country has not developed a long-term strategy and has lost billions of dollars. Federal departments will immediately audit crypto assets and initiate the process of creating BTC reserves and crypto inventories. There is no discussion of selling reserve assets such as gold to buy more Bitcoin, but we are willing to buy more Bitcoin in a budget-neutral manner. This decision will be made by the Secretary of the Treasury and the Secretary of Commerce."