Bitwise CIO: New crypto regulation under David Sacks will significantly reduce fraud and bad behavior in the industry

Odaily News Bitwise Chief Investment Officer Matt Hougan wrote on X that as David Sacks, the AI and cryptocurrency "czar" appointed by Trump, promotes reasonable regulatory policies, fraud and bad actors in the crypto industry will be significantly reduced in the next four years. Hougan believes that the previous law enforcement-oriented regulatory approach has increased investor risks.

Previously, Sacks said the Digital Assets Working Group will work on developing market structure norms, a regulatory framework for stablecoins, and assessing national digital asset reserves.