Trump Caesar Caesar Caesar David Sach

like David SachsThe newly appointed White House and Crypto CZAR collaborate with legislators about the potential regulations of digital assets, one of the first things that they will focus on are Stablecoins.

“They are very committed to the transfer of legislation through the House of Representatives and the Senate this year in order to provide this clear organizational framework that the ecosystem needs for digital assets to maintain innovation in the United States,” “The conclusion of the closing bell of CNBC over time,” said Sacks at the conclusion of CNBC over time, “ Tuesday. “The transfer of legislation via Congress takes time, but I think this is something we can do in the next six months.”

Earlier in the day, Sacks joined the leaders of the House of Representatives and the Senate for Banking Services and Finance at a press conference to talk about their early goals of the encryption policy, with the help of SEC. It was part of a busy day in Washington for the main organizers and players in Capitol Hill and in the White House of Trump to announce the next steps in digital currency plans.

“I look forward to working with each of you to create a golden age in digital assets,” Sachs said in the press event.

It was collected by Senator Tim Scott (RS), Chairman of the Senate Banking Committee, French MP Hill (R-Ark), Chairman of the Financial Services Committee in the House Agriculture in the Senate.

The leaders said that their first priority is to support the Senator Bill Hajari (R-ENN) bill, which suggested new rules for Stablecoins to create a “clear regulatory framework” for its use. Stablecoins is a type of cryptocurrency whose value is linked to real origin, such as the US dollar.

Stablecoins gained popularity but mostly outside. Legionships are now promoting the US -based Stablecoin, which enhances the domination of the dollar through digital financing. Ansar like cysts says this step may drive new dollars trillion on the dollar and help reduce interest rates in the long run.

On Tuesday, the bags told CNBC that the upper agenda element for the new team is an assessment of “Fear Bitcoin Reserves, ” An idea suggested President Donald Trump during his campaign. Sacks noted that the president asked the digital asset working group to study “whether Bitcoin can be created or a type of digital asset stock.” He explained that they “have not yet committed to do so, but he is one of the first things” they would study.

Also on Tuesday, the Securities and Stock Exchange Commission has a major transformation in its approach to regulating digital assets. Under a new leadership, the agency announced that it will open its doors to meetings with anyone interested in discussing Crypto, which is an attempt to show a clear contrast with the previous SEC chair Gary GinsnerWho emerged as an industry opponent.

SEC Hester People, who is now leading the newly -established encryption squad, published a statement entitled ” The trip begins. She said the idea is to create more transparent and predictive lists, remove legal mystery and unnecessary roads.

“The Labor Squad is helping to create an organizational framework that both achieve the important organizational goals of the committee – including protecting investors – and maintains the industry’s ability to provide products and services.”

The priorities include clarifying the encryption assets that fall under the laws of securities, where they formulate a path for the distinguished code for obtaining organizational approval and a guarantee that does not suffocate compliance measures. The group will also examine encryption lending, tricks, exchange products, and cross -border regulations. Pierce stressed that although SEC aims to enhance industry growth, it will not tolerate fraud.

The Supreme Education Council said A activity of the inputs from the audience. Companies and individuals can submit written notes or request meetings with the business squad.

The press conference was on Tuesday the first major political event led by SACKS, which was called in The Post In December. While it lacks direct control of the organizational agencies or the financing of Congress, the relationships of the White House close to the home Elon Musk I put it as a major figure in the administration.

In JuneThe bags, which had previously hosted a campaign to collect donations at his palace in Pacific Heights, who raised $ 12 million for the presidential campaign for the Republican leader.

Sacks was in Washington, DC, to install last month and attended EncryptionIt is surrounded by industry leaders and policy makers. I announced that “the war on encryption has ended.” During the first week of Trump in his position, bags I stood by the president In the Oval Office while signing an executive order on digital assets.

He watches: Bringing people from the technology industry to Washington is positive