In an interview with Fox Business, the new cryptocurrency czar, David Sacks, praised President Donald Trump's executive order on cryptocurrencies. The order aims to clarify regulations, define digital assets, and strengthen the dominance of the U.S. dollar through stablecoins. According to Sacks, the newly formed Digital Asset Task Force will oversee regulatory developments. It will divide digital assets into categories such as securities, commodities, and collectibles. The government also seeks...
Trump nominated entrepreneur David O. Sacks as White House director of cryptocurrency and artificial intelligence.