President Trump’s crypto czar, David Sacks, discussed plans for digital asset regulation and stablecoins at a news conference. He emphasized the need for a clear regulatory framework and mentioned looking into a Bitcoin reserve. Sacks met with congressional leaders to push for legislation to support innovation in the digital assets ecosystem. He also highlighted the potential for stablecoins to extend the dollar’s dominance and create new demand for US treasuries. Sacks expressed optimism about bringing technology expertise to Washington to update outdated systems and promote innovation in government.
Regarding trade tensions with China, Sacks noted the discriminatory practices against US technology companies and supported President Trump’s tariffs as a corrective measure. He also discussed the value of Bitcoin as a store of value and highlighted the potential of blockchain technology for innovation. Sacks emphasized the importance of stablecoins in extending the dollar’s influence digitally and supporting US debt reduction. Overall, he expressed support for President Trump’s agenda and administration in Silicon Valley.
