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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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BREAKING NEWS: US Crypto Chief Talks About Bitcoin Reserves in a Live Broadcast! Here are all the details of the press conference.
The US House of Representatives and Senate are signaling a new regulatory focus on digital assets by forming a joint working group to advance cryptocurrency legislation.
President Donald Trump's recently appointed crypto chief, David Sacks, expressed his determination to ensure American dominance in digital assets at a joint press conference held in Washington today.
Standing alongside the leaders of congressional committees tasked with preparing digital asset regulations, Sacks outlined a broad crypto-friendly agenda.
"I am looking forward to working with each of you to create a golden age in digital assets," said Sacks, emphasizing that cryptocurrency policy is a "first-week priority" for governance.
David Sacks said that they are working on the feasibility of a Bitcoin reserve and added: "We are evaluating a Bitcoin reserve, and the concept of an independent asset fund is a separate issue."
Sacks emphasized the importance of promoting crypto innovation within the United States to maintain a competitive advantage in the global finance sector.
In his first press conference since being appointed as the artificial intelligence and crypto czar, he said, 'Just as every analog industry is becoming digital, we want financial assets to become digital as well, and we want this value creation to happen in the United States instead of being given to other countries'.