David Sacks Reveals How U.S. Might Get More Bitcoin, But Don’t Get Your Hopes Up!

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On the merry day of May 27, 2025, the crypto czar of the United States, David Sacks, declared that there might be a *pathway*—not a guarantee, mind you—to acquiring more bitcoin for the U.S. strategic reserve. This follows the bold executive order of the one and only Donald Trump, signed in March 2025, which established this reserve as a shiny new pillar in the grand edifice of U.S. digital asset policy. Oh, the excitement! 💰

The Glorious U.S. Crypto Executive Action

  • In a delightful fireside chat with the Winklevoss twins (yes, *those* Winklevosses), Sacks kindly reminded us that federal purchases of bitcoin are about as certain as a unicorn sighting. “I can’t promise anything,” he graciously stated. “But there is a pathway… if they can figure out how to fund it, they actually do have presidential authorization ready.” Well, isn’t that just reassuring? 😅
  • Ah, but wait, there’s more! The executive order from March involved a stunning 200,000 Bitcoin (worth a staggering $22 million), which, naturally, the government *confiscated* from all those bad actors—criminals and civil cases alike. Because why not? 😏
  • Sacks, ever the financial wizard, suggested that the government could dip into surplus funds from other programs to fund these purchases. And just when you thought it couldn’t get any more interesting, he tossed in the idea that if they can *somehow* convince Howard Lutnik and Scott Bressent to join the party, there might just be no extra taxes on cryptocurrency. Oh, sure, just a small detail. 😎
  • The Grand Crypto Agenda—With this magnificent plan, President Trump envisions the U.S. acquiring its crypto future by August. In addition to the Bitcoin strategy, David Sacks outlines further grand plans for the U.S. crypto kingdom. He is *sure* the Genius Act Stablecoins bill will pass, and the market structure bill is likely to land before the calendar strikes August. Because, why not pass laws for a currency no one truly understands? 🤷‍♂️

The “Budget-Neutral” Plan

  • And now, for the pièce de résistance, Sacks explained that the U.S. government may buy bitcoin, but only in the most *budget-neutral* way possible. “If it can be done in a budget-neutral way,” he said with a wink, “and if either the Commerce Department or the Treasury Department can figure out how to fund it without increasing the national debt, then they’re allowed to go ahead.” Oh, sure, piece of cake. 🍰
  • But So, the cabinet officials are working tirelessly to figure out how to fund these lofty acquisitions without, you know, bankrupting the country. They might even have to reallocate funds from existing programs. Who knew government budgeting could be so… adventurous? 😜

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2025-06-02 17:56