Trump's Crypto Czar Sacks Says 'Golden Age' Coming

David Sacks and the leaders of the legislature committees that volition grip crypto authorities outlined their plans astatine a property conference.

Feb 4, 2025, 7:58 p.m. UTC

The U.S. House of Representatives and Senate are forming a associated moving radical to beforehand crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his purpose is "ensuring American dominance successful integer assets," Tuesday astatine a associated property league successful Washington.

Alongside the chiefs of the legislature committees that volition enactment connected integer assets legislation, Sacks laid retired a wide pro-crypto agenda.

"I look guardant to moving with each of you successful creating a aureate property successful integer assets," helium said, calling crypto a "week-one precedence for the administration."

A portion of the program was already revealed earlier connected Tuesday, erstwhile details of a Senate stablecoin measure emerged. Senator Bill Hagerty, a Tennessee Republican, wrote a measure to acceptable up U.S. oversight of stablecoin issuers, splitting regularisation betwixt authorities agencies and national watchdogs — specifically the Federal Reserve and the Office of the Comptroller of the Currency.

"We privation to support that innovation onshore successful the U.S. Financial assets are destined to go digital, conscionable similar each analog manufacture has go digital, and we privation that worth instauration to hap successful the United States, alternatively than giving it distant to different countries," Sacks said successful the property conference, his archetypal since taking the occupation of AI and crypto czar.

Jesse Hamilton

Jesse Hamilton is CoinDesk's lawman managing exertion connected the Global Policy and Regulation team, based successful Washington, D.C. Before joining CoinDesk successful 2022, helium worked for much than a decennary covering Wall Street regularisation astatine Bloomberg News and Businessweek, penning astir the aboriginal whisperings among national agencies trying to determine what to bash astir crypto. He’s won respective nationalist honors successful his reporting career, including from his clip arsenic a warfare analogous successful Iraq and arsenic a constabulary newsman for newspapers. Jesse is simply a postgraduate of Western Washington University, wherever helium studied journalism and history. He has nary crypto holdings.