David Sacks, an investor in Solana and Multicoin, is set to host his first press conference as White House Crypto Czar, where he is expected to announce industry leaders joining Donald Trump's advisory council. Possible appointees include executives from Ripple, Crypto.com, Coinbase, and Circle. Trump's executive order mandates the development of a federal regulatory framework that prioritizes digital assets and a national digital assets stockpile, with stablecoins being a particular focus. This comes as Senator Bill Hagerty introduces a Republican-led stablecoin bill, which has a higher likelihood of becoming law given the Republican majority in the Senate, House of Representatives, and White House. The press conference may also involve discussions on reassigning the Securities and Exchange Commission (SEC) away from the crypto industry and toward the Commodities Futures Trading Commission (CFTC).



Other News from Today