President Donald Trump’s appointed crypto czar will chair a new working group with the aim of making the US a leader in digital assets.
In a new episode of the All-In Podcast, US crypto czar David Sacks says that Trump’s crypto executive order establishes a working group comprised of relevant federal agencies to recommend changes that would allow digital assets to flourish in the country.
[adinserter block="1"]Trump signed the “Strengthening American Leadership in Digital Financial Technology” executive order on January 23rd.
Says Sacks, who will chair the working group,
“The main thing it does is it forms an internal working group with the goal of making the US the world leader in crypto. So it’s not one specific action. It’s basically authorizing and creating a working group with the goal of achieving that objective. And the members of this working group are going to be, there’s me, there’s the head of the SEC (U.S. Securities and Exchange Commission), the secretary of the Treasury, and all the agencies and departments that have an interest in crypto. So we formed this working group. I’m actually chairing it, or I will be.
Again, the goal here is to identify and make recommendations that the departments would then take back and they could execute with the goal of making America the world capital of crypto as the president said at Davos.”
The executive order also charges the working group with evaluating the creation of a strategic national Bitcoin (BTC) and crypto stockpile.
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