Summary
- David Sachs emphasized that innovation in virtual assets has begun in the United States.
- He stated that the 'reign of fear over virtual assets' is over.
- Eric Trump expressed support by mentioning Bitcoin and related assets.

David Sachs, the Artificial Intelligence (AI) and virtual asset (cryptocurrency) czar, stated that innovation in virtual assets is beginning in the United States.
According to the news account Radar on the 17th (local time), David Sachs, the virtual asset czar, declared at the Crypto Bowl event that "the reign of fear over virtual assets is over" and "innovation in virtual assets has now begun in the United States."
Meanwhile, Eric Trump, the second son of President-elect Trump, also shared the post. He added "Let's go" and tagged Bitcoin (BTC), World Liberty Financial (WLFI), and Official Trump (TRUMP).

Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)



!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)