David Sacks: Crypto regulation is expected to be completed within the next six months

Odaily Planet Daily News David Sacks, the White House AI and cryptocurrency director, said in an interview: "I met with the leaders of the House and Senate Banking and Finance Committees on Capitol Hill today. They are very committed to promoting legislation in the House and Senate this year to provide a clear regulatory framework for the digital asset ecosystem to maintain American innovation," adding that this may be completed within the next six months. Sacks also mentioned that the government hopes to introduce stablecoin innovations that are currently mainly carried out overseas to the United States by allowing stablecoins to be issued domestically. "I think the power of stablecoins is that it can expand the dominance of the US dollar internationally, extend it to the online digital field, and create potential trillions of dollars in new demand for US Treasury bonds."