thank you for joining the program Brock I understand you were at the White House to participate in this really important Summit I'm hoping you can just share with us what the energy was like in this room with so many of the crypto leaders gathered with President Trump to really talk about how to create architecture for the future of crypto I think I think we might yeah we've got a room full of people here uh we couldn't be more excited as an industry uh 37 March 7th is going to be the day where basically from night
to day uh this is the moment where uh we've been building uh trying to bring great Innovation you know often built by American entrepreneurs that had to incorporate internationally in many cases live internationally uh but America's back and and bitcoin's gonna gonna bring us all the way we are so excited this is uh a histo historic moment for all of us that have been working hard to bring Financial inclusion and greater efficiency and Technology to better all of our Lives now Brock some of the conversation is around regulation when it comes to cryptocurrency with that
many crypto brains in the room did that come up yeah so today is about the Bitcoin strategic Reserve uh the government had confiscated Bitcoin over the years sold for just a few hundred million dollars that same position today would be 177 billion so we're going to stop selling and we're going to keep those things in a strategic Reserve um also from a uh regulatory perspective these conversations are going on it's not just uh president Trump and the White House and this Administration and the cabinet that's been appointed but a majority of Congress now uh views
this industry positively and so I pray as we do eventually have regulation it's sensible regulation that protects the American people will allow ing uh the American innovators uh to innovate and build great businesses and great jobs uh here in the United States give us your thoughts on how this Reserve is actually being established because in the leadup we heard some debate about whether it should be only Bitcoin should other cryptocurrencies also be included there was some debate around that and this of course is going to be only Bitcoin uh there is there are also questions
about should we deploy US Dollars and buy additional or should we keep it just to the crypto that is been seized and that is exactly what we're doing Bitcoin and only Bitcoin that has been seized so far no additional taxpayer dollars what are your thoughts on those two those two positions well I think it's the it's it's a first step uh and it's uh what the president had uh promised on the campaign so he's fulfilled uh this promise and and very quickly um so uh I I think everyone's very happy uh there was a reference
that mentioned ethereum xrp salana uh card Doo and so there's been a mention uh prior to the executive order that other digital assets may end up being included in the future um and so we'll see what happens but that executive order covered Bitcoin and this strategic reserve for confiscated Bitcoin uh a legislative action is likely going to be needed uh for the US government to begin buying and using dollars to add to that Reserve to that digital Fort Knox uh but I think the president has fulfilled his promise and uh he's assembled a great team
of advis in the industry couldn't be couldn't be happier you know Brock uh David Sachs the crypto Zar was there let's listen to this uh this is an industry that was subjected to prosecution and persecution for the last four years horrible lawfare and nobody knows uh what that feels like better than you do so we really appreciate the fact that you understand legal fairness and that you're always willing to fight for the right for the right thing for legal fairness Brock 30 seconds to go what do you say to what David saaks just had to
do what he just said I couldn't agree with him uh I've had the pleasure of working with David in the sector going back 11 years and so uh David is uh very wise very experienced extremely successful so glad to see such an excellent appointment to uh help advise on this subject matter and to the American people you know this is a perfect time to go learn about Bitcoin if you haven't already Brock Pierce thank you so much for joining us tonight great to see you
