The ‘Golden Age’ for Crypto Under Trump’s Leadership is Coming – David Sacks
05.02.2025 12:00 2 min. read Alexander Zdravkov SHARE: 0 SHARES David Sacks, the newly appointed crypto and AI czar under President Trump, took to Capitol Hill today, declaring that the "Golden Age" for cryptocurrencies is on the horizon. In a press conference with congressional leaders, Sacks laid out the administration’s vision for reshaping the digital asset landscape. He expressed eagerness to collaborate with Congress to create a thriving future for digital assets, emphasizing that cryptocurrency is a key focus for the current administration. Sacks also unveiled plans for a new working group, consisting of financial regulators, tasked with establishing clear regulations for digital currencies and their issuers. Following Trump’s executive order on cryptocurrencies, which granted Sacks oversight of crypto policies, the administration is committed to ensuring that the U.S. maintains its leadership in the digital finance sector. One of the main objectives is to create a robust federal regulatory framework for the operation of digital assets, including stablecoins. Both the U.S. House of Representatives and Senate are forming a joint group to draft new cryptocurrency legislation. Their aim is to create a clear and stable framework that will not only protect investors but also encourage innovation within the country. Sacks emphasized that regulations should foster business growth without pushing companies to relocate abroad. Already underway, Senator Bill Hagerty from Tennessee has introduced a bill focusing on stablecoins. This proposal divides oversight between state regulators, the Federal Reserve, and the Office of the Comptroller of the Currency, aiming to stabilize the market while keeping innovation within U.S. borders. Sacks reiterated the administration’s desire to retain digital finance innovation on U.S. soil, likening it to the digital transformation seen in other industries. He emphasized that the Trump administration is moving quickly to set regulatory guidelines that will attract investment and propel the U.S. to the forefront of the cryptocurrency and blockchain economy. This marks Sacks’ first significant public address since taking on his new role, further solidifying the administration’s crypto-centric agenda. SHARE: 0 SHARES QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: