Trump’s Kripto Emperor David Sacks praises the President’s Executive Regulation, says Biden pushed the industry in offshore land
Trump Ai and ‘Krypto Car’ David Sacks discuss the crypto policy of administration and future ambitions for digital currency during an exclusive interview for ‘The Evening Edit.’
President Donald Trump Emperor Kriptovalute, David Sacks, celebrates after the President on Thursday signed an executive regulation seeking clarifying regulations in the industry, welcoming his acceptance of the industry while sharply criticized the Biden administration to reject it.
In an exclusive interview for Fox Business’ “Evening Edit” On Friday, Sacks said that Trump’s actions showed that he was fulfilling his promise from the campaign that he would now make a “crypto to the capital” of the world.
Sacks said Trump’s crypto eo It directs its working group to create a regulatory framework for stimulating innovation and crypto in the US instead of directing the industry to other countries.
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“For the last four years, the Biden administration has basically prosecuted and persecuted the crypto of the company, really pushing them to offshore,” Sacks told Edward Lawrence, heard. “I heard so many unheard of stories from the founders, from the entrepreneur, the Biden administration did not want to tell them what the rules of the road were, and then they would be criminally pursued. And what the industry wants more than anything is regulatory clarity.”
David Sacks, Executive Director of Zenefitsa, speaks during the 2016 TechCrunch Disrupter in San Francisco, California, USA, September 13, 2016. (Reuters/Beck Diefenbach/Reuters)
“They say, just tell us what the rules are. We will adhere to them,” Sacks said. And Biden’s administration would never do this. And that is why all innovations were actually moving abroad, and America was supposed to lose this technology of the future. “
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Trump’s order establishes a presidential work group for digital property markets, which will develop a federal regulatory frame for digital assetsincluding stable coins, and evaluate the creation of strategic national supplies of digital assets. It will be chaired by AI and Kripto Emperor from the White House, and will include the Secretary Secretary, President of the Securities and Stock Exchange Commission (SEC), as well as other relevant heads of departments and agencies.
