Odaily News David Sack, the Trump-appointed White House AI and cryptocurrency director, said at the press conference: We have discussed with many founders of crypto companies over the past period of time, and they all said that the industry needs clear supervision. In the past, the SEC's practices forced many crypto companies to leave the United States. In the future, we must ensure that innovation in the crypto field occurs in the United States and has clearer supervision, because offshore companies bring greater risks. For example, FTX is headquartered in the Bahamas.
David Sacks also said that stablecoins are a top priority and can ensure the status of the US dollar.