With crypto industry leaders set to convene at the White House for the first ever “crypto summit” Friday, the Trump administration’s Crypto Czar David Sacks that Washington has “cost American taxpayers” $17 billion by failing to stockpile seized Bitcoin.
Sacks’ statement comes as U.S. President Donald Trump prepares to formally announce a strategic crypto reserve holding Bitcoin and other cryptocurrencies. Not everyone’s impressed, though, with Solana founder Anatoly Yakovenko arguing that “No reserve” would be better for decentralization.
Meanwhile, some U.S. states are pressing ahead with their own plans to hold crypto for state finances, with New Hampshire’s Bitcoin reserve bill passing the House committee by a landslide vote.
Crypto Czar David Sacks Says US Can HODL Bitcoin Ahead of White House Summit
The U.S. would be in a better position today if Washington had held onto its seized Bitcoin, per White House Crypto and AI Czar David Sacks.
Solana in the US Crypto Stockpile? This SOL Founder Prefers 'No Reserve'
The Solana protocol’s co-founder is among a number of industry leaders to take issue with Donald Trump's plans to create a crypto reserve.
New Hampshire Bitcoin Reserve Bill Passes House Committee in Landslide Vote
New Hampshire's Bitcoin reserve bill advances, joining other states like Utah, Texas, and Arizona in exploring crypto for state finances.
'Unprecedented Growth' as BC.GAME’s Platform Attracts 9 Million Users –
BC.GAME, which has partnered with the likes of Jason Derulo and Leicester City Football Club, has also launched its new native token BC.
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💬 Quote of the Day
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“Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.”
🎮️ GG: 'Eve Frontier' Recruits Central Bank Economist to Develop Ethereum Game's Virtual Economy
CCP Games will conduct a series of in-game “experiments” in Eve Frontier to develop its crypto economy before its broader launch.
🤖 EMERGE: AI Developers Turn to Synthetic Data as Original Content Dries Up
AI's reliance on synthetic data is growing, but experts warn of risks like bias, and manipulation.
🎭️ SCENE: Police Investigate After OnlyFans Creator Says Home Invaders Demanded Bitcoin at Gunpoint
Kaitlyn Siragusa, a popular online streamer known as Amouranth, said she was targeted by armed crypto thieves that broke into her Texas home.
📚 Watch and Learn
📹️ WATCH: Consensus 2025: Does Crypto Have a Culture?
Rug Radio's Farokh Sarmad is joined by WalletConnect Foundation Founder and Director Pedro Gomes, Sophon Founder and CEO Sebastien and MOG Creative Director Mike Three for a discussion on the changing face of crypto culture and how to onboard newcomers to the space.
🎓️ LEARN: What is a Strategic Bitcoin Reserve? How Nation States Could Hold BTC
Proponents of a strategic Bitcoin reserve argue that nation states should stockpile Bitcoin alongside assets such as gold.
