U.S. Crypto Czar David Sacks Confirms No Plans to Sell Gold for Bitcoin for Strategic Reserve, Ensures Budget Neutrality

David Sacks, the U.S. government's designated crypto czar, has confirmed that there are currently no plans to sell gold to acquire Bitcoin, dismissing online speculation.

In a statement, Sacks emphasized that there have been no discussions regarding the sale of gold for Bitcoin to enhance the Strategic Reserve. He noted that while the Treasury and Commerce departments will decide how to augment the Reserve, the focus remains on ensuring any Bitcoin purchases are budget neutral. This clarification comes amid rumors suggesting a potential shift in the government's asset management strategy.

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