Trump AI and “Crypto Czar” David Sacks discuss the cryptographic policies of the administration and future ambitions for digital currency during an exclusive interview on “The Evening Edit”.
President Donald Trump The Czar of the cryptocurrency, David Sacks, famous after the president signed a decree to clarify the regulations of the industry on Thursday, welcoming his embrace of the industry while slamming the Biden administration for having distant it.
In an exclusive interview with Fox Business’ “The Evening Edit” Sacks said on Friday that Trump’s actions showed that he was following his campaign promise to make the United States the “cryptographic capital” of the world.
Sacks said Trump Crypto EO Offers its working group to produce a regulatory framework to encourage innovation and crypto in the United States, rather than leading the industry to other countries.
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“In the past four years, the Biden administration has mainly continued and persecuted cryptographic companies, really leading them to offshore,” Sacks told Edward Lawrence. “I heard so many scandalous stories by founders, by entrepreneurs, the Biden administration would not tell them what the rules of the road, and they would then be prosecuted. And what the industry wants more than all Another thing is a regulatory clarity. “
David Sacks, CEO of Zenefits, speaks during the techcrunch 2016 disturbance in San Francisco, California, September 13, 2016. (Reuters / Beck Diefenbach / Reuters)
“They say, tell us what the rules are. We are going to,” said Sacks. And the Biden administration would never do that. And because of this, all the innovation moved off, and America was about to lose this technology of the future. “”
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Trump’s order establishes the presidential working group on digital asset markets, which will develop a federal regulatory framework for digital activeIncluding stablecoins, and assessing the creation of a stock of strategic national digital stocks. It will be chaired by the AI ​​of the White House and the Czar Crypto and will include the Secretary of the Treasury, the President of the Securities and Exchange Commission (SEC), as well as other heads of department and agency concerned.
