Bitwise CIO: New Deal for Crypto Regulation Under David Sacks Will Significantly Reduce Fraud and Bad Behavior in the Industry

Matt Hougan, chief investment officer of Bitwise, said in a post that fraud and bad actors in the crypto industry will decrease significantly in the next four years as David Sacks, the AI and cryptocurrency "czar" appointed by Trump, pushes forward with sound regulatory policies. Hougan believes that the previous law enforcement-oriented regulatory approach has instead increased investor risk.
Previously, Sacks said that the Digital Asset Working Group will work to develop market structure norms, stablecoin regulatory frameworks, and evaluate national digital asset reserves.