Learn about the US advancements in digital currency industry as per Trump's senior advisor. Discover the key areas for transparent regulation and stablecoin opportunities.
David Sacks, the senior official for digital currencies in Donald Trump’s administration, stated in an interview with Fox Business that a new executive order by the president to develop transparent guidelines in the digital currency sector will help the US catch up with countries like Singapore that have already embraced digital assets. Sacks introduced three key areas to create a more transparent regulatory environment: market structure and defining types of digital assets, stablecoins as an opportunity to expand the dollar’s dominance globally, and assessing national reserves of digital assets. He emphasized that with the US leading in most technology sectors, the country will soon excel in the digital currency realm as well.
