David Sacks, the newly appointed White House Crypto Czar, held a press conference to outline President Trump's plans for crypto dominance in the US. Sacks emphasized the need for a federal regulatory framework governing digital assets, particularly stablecoins, and highlighted the damage caused by previous regulatory uncertainty. He expressed the administration's commitment to keeping innovation onshore and preventing the dangers of offshore operations. Sacks also discussed the importance of stablecoins in the strategy and mentioned bipartisan support for creating a regulatory framework. He confirmed that exploring a Bitcoin reserve is one of the first things being reviewed, while a crypto sovereign wealth fund would require separate discussions. Overall, Sacks' press conference was seen as a missed opportunity for clear regulatory clarity, leaving many in the crypto community frustrated.



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