#USBitcoinReserves

According to "Odaily" website, David Sachs, known as the "Crypto Caesar", discussed the possibility of having Bitcoin reserves during a press conference in Washington on Tuesday. He mentioned that considering Bitcoin reserves is a key issue for the government task force he is part of. However, the task force is still in its early stages, awaiting confirmation from some cabinet members. Sachs affirmed that this topic remains a priority.

When asked about the involvement of the cryptocurrency industry in White House initiatives, Sachs mentioned that a statement would be issued in the future to allow for some forms of participation with the industry.

Republican lawmakers joined Sachs at the press conference to announce the formation of a bipartisan task force in Congress aimed at developing regulatory frameworks for cryptocurrencies. Sachs met with several Republican lawmakers, including Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman Glenn Thompson.

Earlier, Sachs indicated that the feasibility of Bitcoin reserves was under study, but he could not comment on whether sovereign wealth funds should hold cryptocurrencies.