US Virtual Asset Czar: "Government May Buy More Bitcoin"

Korea Economic Daily

Summary

David Sacks announced that the US government is considering ways to purchase additional Bitcoin within the existing budget.
Vice President JD Vance officially declared the end of 'Operation Choke Point 2.0' and the easing of regulations on cryptocurrency.
It was reported that the US government currently holds about 200,000 Bitcoin, and the price is fluctuating around $108,000.

*David Sacks Crypto Czar / Photo = US Senate Banking Committee X Capture*

David Sacks, who oversees AI and cryptocurrency policy in the Donald Trump administration, stated that he is considering ways for the government to purchase additional Bitcoin without increasing the federal budget.

At the 'Bitcoin 2025 Conference' held in Las Vegas, USA, on the 27th, Sacks said, "I can't make any definite promises, but there are indeed ways for the government to buy more Bitcoin."

He explained, "If we utilize unused funds from existing budget programs, we could acquire additional Bitcoin," adding, "With the President's approval, new programs may also be established." It is currently estimated that the US government holds about 200,000 Bitcoin.

US Vice President JD Vance also attended the same event the following day and declared, "The Biden administration's crackdown on cryptocurrency is over." He officially ended 'Operation Choke Point 2.0,' an informal regulatory strategy where the Biden administration pressured banks and financial institutions to make it difficult for crypto companies to engage in transactions. Vance emphasized, "Cryptocurrency is a tool that protects citizens' freedom and serves as a hedge against bad policy, inflation, and discrimination."

After falling to around $75,000 per coin early last month, the price of Bitcoin is now fluctuating around $108,000.

Reporter Da-yeon Lim allopen@hankyung.com