Odaily Planet Daily News: David Sack, the White House AI and Cryptocurrency Director appointed by Trump, said at a press conference that he has discussed with many founders of cryptocurrency companies in the past and they have all expressed the need for clear regulation in the industry. The SEC's approach in the past has forced many cryptocurrency companies to leave the United States. In the future, we need to ensure that innovation in the cryptocurrency field occurs in the United States with clearer regulation because offshore companies bring greater risks, such as FTX headquartered in the Bahamas.
David Sacks also stated that stablecoins are of utmost importance and can ensure the status of the US dollar.
