Trump's Crypto Czar to Lead US Charge in Digital Assets

President Donald Trump's crypto czar, David Sacks, has been appointed to chair a new working group aimed at making the US the global leader in digital assets. The working group, established by Trump's executive order on "Strengthening American Leadership in Digital Financial Technology," will be comprised of relevant federal agencies and will recommend changes to promote the growth of digital assets in the country.

In an interview with the All-In Podcast, Sacks discussed the executive order and his role as the chair of the working group. He explained that the main goal of the working group is to make the US the world leader in crypto, and its members will include the heads of the SEC, the Treasury, and other agencies with an interest in crypto. The working group will identify and make recommendations to help achieve this objective.

The executive order also tasks the working group with evaluating the creation of a strategic national Bitcoin (BTC) and crypto stockpile. This move signals the US government's recognition of the potential of digital assets and its commitment to fostering innovation in the sector.

The working group's recommendations will be crucial in shaping the US's approach to digital assets and could have significant implications for the global crypto market. As the world's largest economy, the US has the potential to become a major player in the digital asset space, and the working group's efforts could help solidify its position as the world capital of crypto.