White House Crypto Czar: "Trump Administration Will Lead Crypto Innovation"

Uk Jin

Summary

David Sachs, the White House Crypto Czar, is confident that the Trump administration will contribute to the development of the crypto industry.
He emphasized that Bitcoin is the core of the future financial system and that the government is discussing the possibility of adopting Bitcoin as a strategic reserve.
Notable policies include the Genius Act and the Market Structure Bill, which are related to stablecoins and other legislation.

David Sachs, the White House Crypto (Cryptocurrency) Czar, is confident that the Trump administration will be able to promote the crypto industry.

According to Cointelegraph on the 27th (local time), David Sachs attended the 'Bitcoin2025' event and stated, "Bitcoin (BTC) and blockchain are the future financial systems."

He continued, "The achievements made in the first 100 days of President Trump's tenure are remarkable," citing "the pardon of Ross Ulbricht, the signing of an executive order banning CBDCs (Central Bank Digital Currencies), the termination of Operation Chokepoint 2.0, and the establishment of a Presidential Working Group on Digital Assets."

He also touched on the government's approach to Bitcoin. David Sachs emphasized, "The U.S. is moving towards adopting Bitcoin as a strategic reserve, and is also considering hosting a presidential-led digital asset summit."

Additionally, David Sachs highlighted notable actions such as the 'Genius Act' stablecoin (a cryptocurrency linked to the value of fiat currency) bill and the Market Structure Bill.

BTC