US Treasury Will Work to Maximize the Value of XRP, Bitcoin: Trump’s Crypto Czar
White House crypto czar David Sacks has revealed plans for the Treasury Department to focus on maximizing the value of XRP, Bitcoin, and other digital assets held by the U.S. government.
The announcement follows Donald Trump’s commitment to establishing a U.S. crypto reserve. Sacks outlined the strategy during a recent appearance on the All In Podcast.
He explained that the U.S. government would be consolidating its digital assets into a “crypto stockpile.” Treasury Secretary Scott Bessent, a former hedge fund manager, will oversee the portfolio’s management.
The Need to Maximize the Value of Crypto
Notably, the U.S. crypto portfolio will comprise a Bitcoin-only reserve and a stockpile of altcoins. Sacks emphasized the…
