Editor's PiCK
Trump Administration's 'Cryptocurrency Czar' David Sacks "Industry Suffered from Banking Regulations... Needs Review"
Minseung Kang
Summary
- David Sacks pointed out that the regulations restricting the cryptocurrency industry's access to banking have been excessive.
- As the cryptocurrency czar for the Trump administration, he stated that he will closely examine the regulatory issues.
- Cryptocurrency investors can expect this regulatory review to positively impact the industry's accessibility.
David Sacks, nominated as the cryptocurrency czar for the upcoming Trump administration, stated that the regulations on the cryptocurrency industry's access to banking in the United States have been excessive and that he will look into it.
On the 7th, David Sacks, former COO of PayPal, mentioned on his X (formerly Twitter), "Many have suffered due to 'Operation Choke Point 2.0' (regulations restricting the cryptocurrency industry's access to banking). This needs to be closely examined."
Previously, President-elect Donald Trump of the United States nominated David Sacks, former COO of PayPal, as the 'AI and Cryptocurrency Czar'.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
