People buy it because they want to commemorate something.” The famous venture capitalist’s comments touched on a long-running debate about the crypto industry in general: how exactly to treat different digital assets.

David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.

Sacks first Press Conference focused on crypto, US Innovation, and Stablecoins. This AI and Crypto czar started the conversation that has been anticipated for some time.

David Sacks, the newly appointed White House Crypto Czar, walked into his highly anticipated press conference on Capitol Hill today and left many in the crypto community frustrated. His mission was to explain how President Trump’s administration plans to push the US into crypto dominance after years of chaos under Gary Gensler’s anti-crypto regime.

David Sacks and several pro-crypto politicians discuss the future of the Bitcoin and crypto industry in the United States at the first-ever U.S. press conference on digital assets.

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets.