PANews reported on January 24 that according to Fox Business News reporter Eleanor Terrett, crypto czar David Sacks said in an interview that they have not yet decided whether to move forward with the digital asset reserve plan. Sacks said: "Yes, we will evaluate it. We haven't decided to do it yet. We need to study it." In addition, Sacks said that the digital asset working group will develop a regulatory framework in the following ways: 1) Implement market structure and define what are digital assets, securities, commodities, collectibles, etc.; 2) Expand the dominance of the US dollar through stablecoins; 3) Evaluate national digital asset reserves.

Sacks also said that he believes that TRUMP coins are a collectible like baseball cards, and he is not worried about the potential conflicts of interest of the president issuing such a coin; central bank digital currencies (CBDCs) are a threat to freedom and liberty, and stablecoins are a better option. Expanding the dominance of the dollar in the digital field could create trillions of dollars in demand for US Treasuries, "which could be very useful for us, basically supporting our debt and lowering long-term interest rates."

Earlier today, it was reported that Trump signed an executive order on cryptocurrency, which included evaluating the creation of a national digital asset reserve and banning CBDC .