David Sacks: Will promote regulation to ensure innovation in the crypto space happens in the United States

Odaily News reports that David Sack, the White House's AI and cryptocurrency supervisor appointed by Trump, stated in a press conference: Over the past period, I have discussed with the founders of many cryptocurrency companies, and they all expressed that the industry needs clear regulations. The SEC's past approach has forced many cryptocurrency companies to leave the US, and in the future, we need to ensure that innovation in the cryptocurrency field occurs in the US, with more clear regulations, because offshore companies will bring greater risks, such as FTX's headquarters being in the Bahamas. David Sacks also stated that stablecoins are of the utmost importance and can ensure the status of the US dollar.