David Sacks unveils plans for stablecoin oversight and a U.S. crypto and digital asset stockpile.
Crypto Regulatory Clarity Takes Center Stage
David Sacks, Trump’s newly appointed AI and crypto czar, announced a bipartisan effort to develop clear digital asset regulations. Criticizing past regulatory uncertainty, Sacks vowed to keep crypto innovation within the U.S.
Bitcoin Reserve Under Consideration
Sacks confirmed that the administration is evaluating a “Bitcoin reserve” or a broader “digital asset stockpile,” signaling a potential shift in U.S. economic strategy.
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Stablecoin Oversight and Market Structure Legislation
Key bills introduced include the GENIUS Act, which mandates stablecoins be backed by secure assets, and FIT21, aimed at defining crypto regulatory responsibilities between the SEC and CFTC.
Bipartisan Support for Crypto Framework
Legislators emphasized their commitment to stablecoin regulation and broader digital asset oversight, setting the stage for comprehensive crypto policy reforms.
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