David Sacks, President Donald Trump’s crypto and AI czar, isn’t mincing words—he’s aiming for a “golden age” for digital assets. Speaking at a Capitol Hill press conference on Tuesday, Sacks unveiled ambitious plans for U.S. crypto dominance, flanked by lawmakers from both the House and Senate.
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Crypto Legislation Hits the Fast Lane
Sacks made it clear that crypto is a top priority for the Trump administration. “I look forward to creating a golden age in digital assets,” he stated. To get the ball rolling, Congress will establish a bicameral working group to hammer out digital asset regulations. According to CoinDesk, this initiative includes advancing stablecoin oversight and updating market structure rules.
The move is all about keeping innovation on U.S. soil. Sacks emphasized that “financial assets are destined to become digital,” and the U.S. wants to stay at the forefront of this transition.
Stablecoins First in Line
The Senate Banking Committee, chaired by Tim Scott, will tackle stablecoin legislation as an immediate priority. Tennessee Senator Bill Hagerty introduced a bill that divides oversight between state agencies and federal regulators, such as the Federal Reserve. The goal? Strike a balance between fostering innovation and ensuring accountability.
According to Bloomberg, House Financial Services Chair French Hill said a stablecoin bill would work alongside a revamped version of last year’s Financial Innovation and Technology Act (FIT21), which aims to modernize U.S. market regulations for digital assets.
What This Means for Investors
This development could mean a more stable regulatory environment for cryptocurrencies, potentially encouraging more institutional investment. Sacks’ push for innovation-friendly policies signals that the U.S. is serious about competing with crypto powerhouses like Switzerland and Singapore.
With lawmakers rallying behind pro-crypto legislation, the U.S. digital asset landscape could see major shifts in the coming months. Investors can leverage tools like TipRanks’ Cryptocurrency Center to track key assets and developments. Click on the image below to stay ahead in this rapidly shifting space.
