New Crypto Czar for the Trump Administration held a press conference with key members of Congress for the cryptocurrency sector.
There were not any announcements other than introductions of the start of the effort to come up with clear and sensible regulatory ideas for the cryptocurrency sector.
It wasn’t until Q&A that Sacks addressed the idea of instituting a U.S. Bitcoin Strategic National Reserve, which he said was at the top of things they will investigate.
People were probably expecting a commitment to set up the Bitcoin Reserve. Afterwards, the market value for Bitcoin dropped to below $100,000.