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No Tax, No Debt? US Could Expand Its Bitcoin Holdings

SB Crypto Guru News by SB Crypto Guru News
May 28, 2025
in Crypto Updates
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No Tax, No Debt? US Could Expand Its Bitcoin Holdings


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The US government may consider increasing its Bitcoin
BTC


$108,590.53

holdings, according to David Sacks, a senior adviser on artificial intelligence (AI) and crypto policy at the White House.

Speaking at the Bitcoin 2025 conference on May 27, Sacks said the government could potentially buy more Bitcoin, but only if it could do so without raising taxes or increasing the national debt.

During a discussion with Gemini



$294.49M

co-founders Cameron and Tyler Winklevoss, Sacks explained that the idea is legally possible but not guaranteed.

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He said either the Commerce Department or the Treasury Department would need to approve the decision and find a way to cover the cost by using funds that have already been allocated elsewhere.

Sacks pointed to an executive order signed on March 6 that established a federal cryptocurrency reserve. That order allows the government to hold Bitcoin from asset seizures. It also includes a clause that would allow the government to buy additional Bitcoin, but only if the purchase does not increase the deficit.

He added that if one of the two departments can identify a program with unused funds, those could be redirected to finance a Bitcoin purchase. In that case, no new laws would be needed, as the departments already have the authority to act.

Sacks said the next step would be to see if either department is willing to support the plan and figure out how to make it work within the current budget.

On May 21, the Texas House of Representatives approved Senate Bill 21, a proposal related to Bitcoin. What does the bill include? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.




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