In a groundbreaking press conference on digital assets, Crypto Czar David Sacks announced the U.S. government's commitment to support the growth of Bitcoin and related technologies. Citing a recent executive order, Sacks emphasized the need for a clear regulatory framework to guide the industry, a shift from the previous administration's stance. He highlighted the struggles of crypto entrepreneurs facing prosecution without clear rules, declaring this administration's intention to foster clarity and collaboration. Politicians like Senator Scott and Congressman French Hill joined him to reinforce this new proactive approach to digital asset regulation.
the President said in his executive order in the first week that it's the policy of his administration to support the responsible growth and use of digital assets.
Our objective is to accomplish the task the President assigned for us in his EO, which is to propose a Federal regulatory framework governing the issuance and operation of digital assets.
I've talked to many founders... the number one thing they need from Washington is regulatory clarity... They just want to know what the rules of the road are.
We’re coming off frankly four years of arbitrary prosecution and persecution of crypto companies where the SEC wouldn’t tell founders what the rules were.
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