At the first official press conference of the US government, Crypto Czar David Sacks and Pro-Crypto US politicians promised to prioritize Bitcoin and digital assets during the Trump administration.
According to the opening statement, Saxo said, “The President is the President’s order in the first week, to support the responsible growth and use of digital assets, blockchain technology, and related technologies for all sectors of the economy. He said.
He also remembered the president’s order that the president had established both the digital assets working group and group delegation.
“Our purpose is to achieve the tasks that the president allocated to us in EO. This is to propose a federal regulation framework to manage and manage digital assets, including StableCoins in the United States.” And sacks said.
Bitcoin and the “Golden Age” of the encryption industry begin
Sack has also contained the importance that the new administration is not hostile to bitcoin and cryptographic industries, especially in what happened under the Biden administration.
“I talked to many founders in recent years, but I repeatedly told me that Washington’s biggest thing was the clarity of regulations,” he said.
“They just want to know what the rules of the road are so that they can protect them. We are frankly telling the founders what the rules are. He has also said that many founders have been evacuated because they have established a cryptographic prosecution and persecution for the four years of encryption companies. He told me, “he added.
Before the opening remarks, Saxophone pointed out that he was looking forward to working with him with a politician holding a meeting with him. Representative (R -PA) -“Creating a golden age of digital assets”.
Senator Scott began with the fact that the Golden Age has begun and “good news is better.”
He said, “I am planning to work synergistically with the House of Representatives and the Senate,” he said.
The United States at the forefront of bitcoin and encryption innovation
Hill emphasized that the United States should lead a method that has not been delayed about the digital asset industry.
“We don’t want to delay US financial technology and digital assets (and) Innovators,” said Hill. “They need to know what the rules of the road are.”
He also stated that it has established a working group between the House of Representatives Financial Service Committee, the Senior Bank of Agriculture Committee, and the Senate Agricultural Committee to create a clear regulation framework.
Senator Bosman emphasized the fact that not all encrypted assets are the same (we do not necessarily select bitcoin).
“Some assets are products and some are securities,” said Senator Bosman.
Representative Thompson has walked through the audience at the Internet stage and pointed out the fact that today’s Internet has become a “value Internet.”
“The United States was really a leader in the Internet 1.0, and on the Internet 2.0, it was the United States again for the world,” said Tompson. “Internet 3.0 is what we are talking about today, which is the internet of value, and we are in principle approaching it.”
According to Tompson, this “principle method” includes that while protecting consumers, providing bitcoin and encryption industrial innovators to promote innovation.
“I can’t imagine the opportunity (with encryption),” said Tompson. “I know that (David Sacks) focuses on bringing certainty to the digital asset market.”
A session of questions and answers pointed out that Senator Scott has made a bipartinese effort around the Senate’s cryptographic.
“Cynthia Ramis (R-WY) and Kirsten Giribland are gathering for market structural bills,” he said.
Comments on money laundering prevention regulations
Senator Scott said he was open to the fact that Money Laundering Anti -Money Laundering (AML) was asked to reconsider the encryption.
“I think a larger conversation should not be just digital assets,” said Senator Scott. “It’s about what a bad actor is doing bad things in some means.”
Hill has stated that they should exist, as the AML regulations are performed in the financial field of analog.
Educational effort
Considering that it is still a relatively new theme, Tompson has led to the importance of educating the House of Representatives and the Senate for cryptocounter assets.
“Member education is here our first goal,” he said.
Hill reflected his emotions.
“The current important factors are education and technical support that can be provided to both the House of Representatives and Senate,” he said.
Sacks also provided his thoughts on this topic.
“Some of our things are here is to provide education resources,” he said, and some of the educators could be “celebrities in the industry.”
As Sacks talked about this topic, he also distinguished bitcoin and all other encrypted assets and networks.
“Cryptography could be an esoteric subject, and it’s good to explain it,” said Sax. “It is executed in a blockchain with a cryptocurrency itself (and other assets).
Strategic bitcoin reserve
Before the meeting ended, Saxophone also promoted the United States to create a strategic bitcoin reserve.
“One of the president’s instructions to do it was to evaluate Bitcoin Reserve’s ideas,” said Sax. “So it’s one of the first things we are trying to see as part of the internal working group of the administration.”
