President Trump’s Crypto Czar Hosts U.S.’s First Press Conference On Bitcoin And Digital Assets

At the first official press conference ever for the digital assets hosted by the United States government, Crypto CZAR DAVID SACKS, American politicians who support aging who are committed to giving priority to digital assets and digital assets during the Trump administration.

In his opening statements, Sacks participated, “The president said in his executive in the first week that his management policy is to support responsible growth, use digital assets, Blockchain technology and relevant technologies in all sectors of the economy.”

The audience also stated that in this executive order, the president created a working group of digital assets in addition to the group’s authorization.

“Our goal is to accomplish the task assigned by the president in EO, which is to propose a federal organizational framework that governs the issuance and operation of digital assets, including Stablecoins, in the United States,” Sachs said.

The “Golden Age” for Bitcoin and encryption starts

Sacks has also done the importance of this new administration in the Bitcoin and Crypto industry, especially in light of what happened under Biden management.

He said: “I have spoken with many founders over the past few years and have repeatedly told me that the first thing they need from Washington is organizational clarity.”

“They only want to know the rules of the road so that they can adhere to them. We are frankly launched for four years of arbitrary pursuit and persecution of encryption companies, as the institutions will not tell the founders about the rules and then they will judge them. Even many founders told me stories about their personality hackers just because they established Checks Company.

Before concluding his opening statements, SACKS indicated that he is looking forward to working with politicians who host the conference alongside his Senator Tim Scott (R-SC), a member of the French Congress Hill (R-AR), and the Senator John Bouzman (R-Ar) and a member Congress (R-PA)-in “Create a Golden Age of Digital Assets”.

Senator Scott began to say that “the golden age has started” and that “the good news is that it will improve.”

He also indicated that he intends to “work in an interlocutor with the House of Representatives and the Senate, where the White House leads the road” when it comes to passing bills on digital assets.

The United States is at the forefront of Bitcoin and the innovation of encryption

Representative Hill emphasized that the United States should lead the road, and do not fall behind when it comes to making digital assets.

“We do not want to be behind financial technology and digital assets in the United States, (and) our creators need clarity,” said MP Hill. “They need to know the rules of the road.”

He also mentioned that it constitutes a working group between the Financial Services Committee in the House of Representatives, the Senate Banking Committee, the Agriculture Committee in the House of Representatives and the Senate Agriculture Committee to formulate a clear organizational framework.

The Senator Bouzman highlighted the fact that not all the similar encoding assets (without necessarily uniqueness of Bitcoin).

Senator Bouzman, who indicated that some of the assets are commodities, some of which are securities, “and pointed out that the various organizational agencies must supervise different encryption assets accordingly.

Representative Thompson walked through the internet stages, indicating the fact that the Internet today has become “the Internet of value”.

“America was really leading when it came to the Internet 1.0, and (with) the Internet 2.0, again, it was America that led this to the world.” “Internet 3.0 is what we are talking about today, and this is the value of the value – and we are approaching it in principle.”

This “initial road” includes consumer protection while continuing to provide creators in the bitcoin and encryption industry to enhance innovation, according to Deputy Thompson.

Representative Thompson said: “Opportunities (in encryption) cannot be conceived.” “I know that (David Sachs) focuses on laser to bring certainty to the digital asset markets.”

During a question and answers session, Senator Scott indicated that the efforts of the two parties are being made about encryption in the Senate.

Senteya Loms and Kirston Gilbrand meet together for Market structure billHe said.

Comments on the anti -money laundering regulation

When asked about the reconsideration of the anti -money laundering laws (AML) because it relates to encryption, Senator Scott said it was open to it.

“I think the broader conversation should not be about digital origins alone,” Senator Scott said. “It comes to bad actors who do bad things with any necessary means.”

Representative Hill distributed the AML regulations, saying that they should be present, as they do in the analog financial space.

Educational efforts

Representative Thompson raised the importance of educating those in the House of Representatives and the Senate about the origins of encryption, given that it is still a relatively new topic.

“Teaching members is what is our first goal here,” he said.

Representative Hill chanted his feelings.

“The main component is now education and technical assistance that can be provided to members of the House of Representatives and the Senate,” he said.

The bags also presented his ideas on this topic.

He said: “Part of what we are here is to provide resources related to education,” adding that some teachers can be “stars in this industry.”

When the bags talked about this topic, he also made a differentiation between Bitcoin and all other networks and networks.

The cysts said: “The encryption can be a subject of mystical, and it is good to explain it, to remove mystery.” “I got the same cryptocurrency as Bitcoin, (then other assets that) works on Blockchains, which are only distributed.”

Bitcoin strategic reserves

Before the conference ended, Sacks also dealt with the possibility of creating the Bitcoin Strategic Reserve.

“One of the things that the president ordered to do is assess the idea of ​​Bitcoin reserves,” Sachs said. “Therefore, this is one of the first things that we will look at as part of the internal working group in management.”