President Trump's cryptocurrency tsar claims that "the reign of terror against cryptocurrencies is over.
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The Trump administration has ushered in a new era of cryptocurrency innovation, reshaping regulation that has sparked tremendous changes in the industry!
The Trump administration has set a new public policy tone for the cryptocurrency industry, clearly indicating a shift towards innovation-friendly policies, enhancing regulatory transparency and responsiveness. These measures, combined with smart decision-making, have instilled confidence in blockchain practitioners about the future, heralding an exciting transformation for the industry.
At Saturday's industry dinner, President Trump's son Eric Trump voiced his optimistic outlook on the future of cryptocurrencies, stating on Twitter: "The new era of American cryptocurrency innovation has just begun." This statement was made at the dinner and announced by the newly appointed "cryptocurrency tsar" David Sacks, who declared, "the reign of terror against cryptocurrencies is over," indicating that the long-standing regulatory suppression is about to change.
Sacks took office on December 6, 2024, and with his extensive venture capital experience and deep understanding of blockchain technology, he has become a key driver in the cryptocurrency industry. As a co-founder of Craft Ventures, Sacks has actively supported notable blockchain companies including BitGo, Lightning Labs, and Bitwise. Additionally, as a member of the "PayPal Mafia," Sacks was involved in founding technology giants such as Tesla, SpaceX, and YouTube, further proving his leadership position in the field of innovation.
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