**Title: U.S. Government Hosts Historic Press Conference on Digital Assets**
In a groundbreaking press conference focused on digital assets, U.S. officials, including Crypto Czar David Sacks, emphasized their commitment to prioritizing Bitcoin and digital assets during the Trump administration. Sacks highlighted the President’s executive order, which established a policy to support the responsible growth and utilization of digital assets and blockchain technology across various economic sectors.
Sacks pointed out that the executive order also created a working group dedicated to digital assets, with a clear mandate. “Our goal is to fulfill the task assigned by the President in his executive order, which is to propose a federal regulatory framework for the issuance and operation of digital assets, including stablecoins, in the United States,” he stated.
**A New Era for Bitcoin and the Crypto Industry**
Sacks underscored the importance of this administration’s supportive stance towards the Bitcoin and crypto industry, especially in contrast to the previous administration’s approach. “Many founders have expressed that their primary need from Washington is regulatory clarity,” he noted. “They want to understand the rules so they can comply. We are moving on from four years of arbitrary enforcement against crypto companies, where the SEC failed to provide clear guidelines, leading to prosecutions. Some founders even faced personal banking issues simply for being involved in crypto ventures.”
In closing, Sacks expressed enthusiasm for collaborating with key politicians at the conference, including Senator Tim Scott (R-SC), Congressman French Hill (R-AR), Senator John Boozman (R-AR), and Congressman G.T. Thompson (R-PA), to usher in a “golden age for digital assets.”
Senator Scott declared that this “golden age has begun” and assured attendees that conditions would continue to improve. He emphasized his intention to work collaboratively with both the House and Senate, alongside the White House, to advance legislation on digital assets.
**U.S. Leadership in Bitcoin and Crypto Innovation**
Congressman Hill stressed the necessity for the United States to lead in the digital asset sector. “We cannot afford to lag in financial technology and digital assets. Our innovators require clarity,” he asserted. “They need to know the rules of the road.”
This press conference marks a significant step towards establishing a supportive regulatory environment for digital assets in the U.S., paving the way for innovation and growth in the crypto industry.
