Sachs, US Crypto Asset Head: "Crypto Asset Reserves Not Finalized... Discussion Needed"
Doohyun Hwang
Summary
- It was stated that the designation of US crypto asset reserves has not been finalized.
- He mentioned that evaluation and research on the issue of crypto asset reserves are necessary.
- The crypto asset task force is expected to propose standards for national-level reserves and utilization.
David Sachs, the US Head of Artificial Intelligence (AI) and Crypto Assets, stated that the designation of crypto asset reserves in the US has not been finalized.
On the 23rd (local time), Sachs said in an interview with Fox Business, "Nothing has been finalized yet. We will evaluate and study the matter of crypto asset reserves."
Meanwhile, US President Donald Trump signed an executive order establishing a crypto asset task force.
The task force is expected to potentially evaluate national-level crypto asset reserves and propose standards for utilizing crypto assets legally seized by the federal government.
Doohyun Hwang
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