US Moves Toward a New Era of Cryptocurrency Regulation Led by David Sacks

user avatar

by Giorgi Kostiuk

2 years ago

On February 4, the first official US press event on digital assets was held, led by the newly appointed Crypto Czar, David Sacks, announcing the Trump administration's new initiatives to support cryptocurrencies.

Pro-Crypto Policy in the US

David Sacks mentioned the president's executive order establishing a working group to develop a federal regulatory framework for digital assets. He emphasized the administration's commitment to supporting the responsible growth and use of digital assets and blockchain technology across various sectors.

The President said in his executive order in the first week that it’s the policy of his administration to support the responsible growth and use of digital assets, blockchain technology and related technologies across all sectors of the economy.David Sacks

Beginning of 'Golden Age' for Cryptocurrencies

The conference highlighted the start of a 'golden age' for cryptocurrencies, with Senator Tim Scott asserting: 'The good news is that it’s going to get better.' The administration aims to keep innovation onshore, stopping the exodus of crypto startups to other jurisdictions with clearer regulations.

Unified Approach to Cryptocurrency Regulation

A bipartisan working group has been announced, comprising House and Senate committees, aimed at eliminating regulatory uncertainty and providing clarity and fairness for businesses in the digital asset space.

This period of regulatory change in the US promises new opportunities for business and innovation as the government focuses on creating a clear and favorable legal framework.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

ShredPay Partners with Jack Henry to Enhance Digital Asset Integration

ShredPay partners with Jack Henry to enable banks and credit unions to access stablecoin and digital asset services.

user avatarLi Weicheng

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.