Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
David Bags, newly appointed white house CRYPTO CORA, entered its highly expected journalist conference on the Hill Capitol Hill and left many in the frustrated frustrated community of crypto.
His mission was to explain how the administration of President Trump plans to push the US in the supremacy for Krypton after years of chaos within the anti-crypto-fripto-crypto Gary Gary.
Instead of providing seriously affected regulatory consciences, everyone expected, the bags played it safe with wide strokes, vague jams and a lot of talk about the “golden property of digital property”.
The bags are open, thanks to the leaders from the house and the Senate, including the Chairman of the Scott, the French hill, John Boozman and GT Thompson, who were all standing right next to him.
https://www.youtube.com/watch?v=_mofl6iq6eo
“The president determined that as a priority of the week – one, they said the bags.” We advocate to ensure American domination in digital property. “
Trump’s crypto vision is initiated by regulatory shake
The Trump Executive Order laid the foundations for the Crypto Czar mission, which is a craft of the federal regulatory framework that manages digital assets, especially stable. The bags pointed to the workgroup established under the executive order, which includes large names such as Secretary of the Treasury Scott Bessent, Trade Stores Lutnick and General Attorney Pam Bondi.
The Securities and Exchange Commission (SEC), has now led the Captain Commissioner Mark Uyed, while Paul Atkins did not confirm the Senate, also created a dedicated crypto working group, and that is at the ‘Crypto-Mama’ Hester Peirce, as Which previously reported by Cryptopolitan.
Sacks lasted a moment to give up the damage done to the previous Sec-A approach. “I talked to many founders who told me that their biggest problem is regulatory insecurity,” he said. “They are prosecuted without saying what they were wrong. Some were even personally unprepared for the company’s Crypto company.”
The bags blamed this hostility to push on the coast of innovation, something that he and the administration is desperate to turn around. Crypto Czar also made it clear that wholeheartedly believes that all financial assets go digital, whether regulators are ready or not.
“Just like any analog industry has become digital, financial assets will follow,” he said. “We don’t want innovation to happen in other countries.” To start the point of home, the bags referenced by the FTX collapse, which said that proof of the hazards of offshore operations. “The biggest scam in Krypto history happened in the Bahamas,” he reminded the room. “Storing innovation is the views of better consumer protection.”
StableCoins come first as Congress Warming up to Crypto
The bags have repeatedly highlighted the importance of stems in the administration strategy. He mentioned an account that introduced Senator Bill Hagerty, who plans to create a regulatory framework for stems that would maintain the dominance of the US dollar as a global spare currency, as the Cryptopolitan reported yesterday.
“StableCoins could create trillion requested cash registers and potentially lower long-term interest rates,” bags explained. The French hill, which is the Chair of the House Financial Services Committee, confirmed that the stems would be prioritized in other crypto issues.
“We’re moving on to this quickly,” the hill said. “Bipartisan support between the house and the Senate has already been established and we learned from previous efforts.” He was directed by last year’s successful success when 71 Democrats joined the house puppies to pass StableCoin legislation in the house, although he stopped in the Senate.
Hill also praised Hester insertion. “Hester brings clear access to Crypto regulation,” he said. John Boozman, who is the president of the Senate’s agricultural committee, was explained by why his board, usually focused on agriculture, has a role in the Crypto Regulation.
“CFTC monitors the goods, and some digital assets fall under that category,” he said. Boozman promised that the cooperation between SEC and CFTC would prevent battle competencies from delaying progress. “We worked separately before, but now we bend with a purpose.”
AML laws under surveillance; Bitcoin Reserve under consideration
Fred Peterson from Punchbowl News requested bags whether the Krypto measures of AML were on the table. The bags responded cautiously. “We are open to discussions,” he said, “But this is not just about digital property. Poor actors exist in all financial systems.”
One of the more intriguing moments arrived when Jennifer Yahoo Finances Schwanberger asked about Trump trail for the campaign promise to explore the Bitcoin Reserve. The bags confirmed that: “The president instructed us to look at him. We are still waiting for some key officials to confirm, but this is one of the first things we review.”
He explained that at the same time, the Bitcoin Reserve, the Crypto Sovereign Fund of Wealth, requires separate discussions.
GT Thompson, who is the chairman of the Board of Agriculture in the house, said the Congress in synchronization with the goals of the White House, so all the expectations of PTO crypto are.
