The U.S. House of Representatives and Senate have formed a joint working group to advance cryptocurrency legislation, signaling a new era of regulatory focus on digital assets.
President Donald Trump’s recently appointed crypto chief David Sacks expressed his determination to “ensure American dominance in digital assets” during a joint press conference in Washington today.
Standing alongside leaders of congressional committees tasked with drafting digital asset regulations, Sacks outlined a broad pro-crypto agenda.
“I look forward to working with each of you to create a golden age for digital assets,” Sacks said, noting that cryptocurrency policy was a “week one priority for the administration.”
David Sacks said that the feasibility of a Bitcoin reserve is being studied and added: “We are evaluating a Bitcoin reserve, the concept of an independent wealth fund is also a separate topic.”
Sacks noted that it is important to encourage crypto innovation within the US to maintain a competitive advantage in the global financial sector.
“Just like every analog industry is going digital, we want financial assets to go digital, and we want that value creation to happen in the United States rather than being exported to other countries,” he said at his first press conference since being appointed AI and crypto czar.
*This is not investment advice.
