AI and Crypto Czar David Sacks will sign a presidential decree in the White House elliptical office on January 23, 2025 and talk to President Donald J Trump.
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One of the first focus is on StableCoins, as the newly appointed White House AI and Crypto Czar, David Sacks, cooperated with members of the potential regulations of digital assets.
“They are very committed to moving the law via the lower house and the Senate this year to provide the clear regulation frameworks necessary for digital assets to maintain US innovation. “Tuesday. “It takes time to move the law through parliament, but I think this is something you can do in the next six months.”
Earlier that day, saxophone joined the House of Representatives and the Senate Committee for banks and funds to talk about the initial goals of crypto policy with the help of SEC. Washington was a busy day to announce the next step in the digital currency plan for regulatory authorities and key players in the Capitol Hill and Trump White House.
“I’m looking forward to cooperating with you when creating a golden age with digital assets,” said Sax.
He is the chairman of the Senate Bank, Hill of France (R-ARK), Chair of the House of Representatives Financial Service Committee, Senator John Bosman (R-Arkman), Senator Tim Scott (RS.C) .) Was sandwiched. 。 ), In charge of the Senate Agricultural Committee.
The leader said that their top priority was supported by the StableCoin bill introduced by Senator Bill Hagati (R-Tenn). StableCoins is a type of cryptocurrency that is fixed to real world assets such as US dollars.
StableCoins is gaining popularity, but most are overseas. Currently, the Diet is currently promoting the US -based StableCoin issuance and is strengthening dollars through digital finance. Supporters like Sacks say that such movements use new demand for dollars to reduce long -term interest rates.
President Donald Trump’s President AI and Crypto Emperor David Sax will sign a series of administrative orders on January 23, 2025 at the Washington DC at the White House Oval Office.
Anna Money Maker | Getty Image
Tuesday’s bag told the CNBC that his new taskforce’s top agenda evaluated the “feasibility of feasibility.” Bitcoin The reservation is, “Idea proposed by President Donald Trump during his campaign. Saxophone, the president’s working group in his digital asset” Create a bitcoin reserve or a kind of digital asset stockpiling. He pointed out that he asked him to study. ” I haven’t committed it yet, but it’s one of the first things.
On Tuesday, SEC has caused a major change in approach to digital asset regulations. Under the new leadership, the agency has announced that it will open a door to a meeting with someone who is interested in discussing the cipher.
Currently, Hester Perth, a Second Commissioner, leading the newly established encryption task force, has issued a statement titled The Journey Begins. She said that the idea was to create more transparent and predictable regulations and remove legal ambiguity and unnecessary obstacles.
“Taskforce is working to support the creation of regulations to achieve important regulation goals, including the protection of investors, and preserves the capabilities of the industry and services.” And peirce writes.
To prioritize, clarify which encryption assets fall under securities law, create a path for token issuers to obtain the approval of regulatory authorities, and prevent compliance measures from suppressing innovation. Includes. The group also examines encryption loans, stake, exchange products, and regulations that cross borders. PEIRCE emphasized that SEC aims to promote industry growth, but cannot withstand fraud.
SEC stated that he is actively soliciting general input. Companies and individuals can submit a written feedback or a request meeting with taskforce.
The Tuesday press conference was the first major policy event led by the saxophone nominated in the post in December. He does not directly control the funds of regulatory organizations or parliament, but his close relationship with the saxophone White House is positioned as an important person in the administration.
In June, Saxophone, a former Trump critic, held a fundraising activity in the Pacific Heights Mansion.
Sacks was in Washington DC for the last month’s inauguration ceremony and participated in a cryptographic ball surrounded by industry leaders and policy proprieters. He declared at the event that “the war with the cipher is over.” In the first week of Trump, the saxophone stood with the elliptical office president, signed a presidential order on digital assets.
Watch: It’s positive to bring people from the high -tech industry to Washington
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