Learn about the priorities of the Trump administration regarding Bitcoin storage and Stablecoin legislation. Find out more about the efforts to establish legal frameworks for digital currencies.
David Sacks, the head of digital currencies at the White House, announced that the digital currency task force in Donald Trump’s administration is prioritizing establishing Bitcoin (BTC) reserves and drafting a legal framework for stablecoins. Concurrently, Senator Bill Hagerty introduced a draft bill for transparency in payment stablecoins, proposing a 1:1 backing with the US dollar and auditable reserves. Sacks emphasized the past four years had been marked by legal uncertainty and the new administration aims to reverse the trend of digital currency innovations leaving the US by creating a structured legal environment.
