What to expect at today’s US Crypto Czar press conference
Solana and Multicoin investor David Sacks is set to host his first press conference as White House Crypto Czar in Washington today. At 2:30pm at the Dirksen Senate Office Building, Sacks will likely announce several names of industry leaders to join Donald Trump’s newly-formed advisory council. According to sources speaking to the New York Post, possible appointees include executives from Ripple, Crypto.com, Coinbase, and USDC issuer Circle. “Everyone and their mother is begging to be on this council,” one applicant said. According to an executive order signed by Trump, Sacks must pick advisors who will help him to propose a federal regulatory framework that prioritizes digital assets and a national digital assets stockpile. Trump’s order names one category of digital assets that is a particular priority: stablecoins . Stablecoins have a combined market value of $225 billion, the majority of which is in the world’s biggest stablecoin, tether (USDT). Trump’s Commer...