David Sacks Leads the Charge on Stablecoin Regulation and the Future of U.S. Digital Assets
A New Era for Crypto Policy in Washington David Sacks, the newly appointed White House AI and crypto czar, is wasting no time in shaping the future of digital assets
A New Era for Crypto Policy in Washington
David Sacks, the newly appointed White House AI and crypto czar, is wasting no time in shaping the future of digital assets in the United States. With a clear mandate to establish a regulatory framework that fosters innovation while maintaining market stability, Sacks has set his sights on stablecoin legislation as the first major step.
In a CNBC interview on Tuesday, Sacks emphasized the urgency of moving legislation through Congress, stating,
“They are very committed to moving legislation through the House and the Senate this year in order to provide that clear regulatory framework that the digital assets ecosystem needs to sustain innovation in the United States… I think this is something we could do in the next six months.”
Flanked by key congressional leaders such as Sen. Tim Scott (R-S.C.), Rep. French Hill (R-Ark.), and Sen. John Boozman (R-Ark.), Sacks stood before reporters in Washington, D.C., to announce the administration’s priorities in digital asset regulation.
Stablecoins: A Key Pillar of the Administration’s Crypto Strategy
At the heart of the administration’s crypto regulatory push is Sen. Bill Hagerty’s (R-Tenn.) stablecoin bill, which aims to create a clear regulatory framework for stablecoins—digital assets pegged to real-world currencies like the U.S. dollar.
Stablecoins have been booming globally, particularly in Asian and European markets, where they have gained traction in cross-border payments and decentralized finance (DeFi). However, U.S. policymakers are now prioritizing domestic stablecoin issuance to reinforce the dollar’s dominance in digital finance.
Proponents of the stablecoin bill argue that a well-regulated U.S. stablecoin industry could:
- Drive trillions in global demand for the U.S. dollar
- Lower long-term interest rates
- Strengthen the U.S. financial system against foreign competition
- Ensure transparency and consumer protection in stablecoin issuance
With bipartisan backing, this initiative could mark a significant legislative breakthrough for crypto, one that could define the next decade of digital finance in the United States.
A Bitcoin Reserve? Evaluating Trump’s Bold Proposal
Beyond stablecoins, Sacks confirmed that his team is exploring President Trump’s idea of a Bitcoin reserve.
“The president asked our digital assets working group to study whether it’s feasible to create either a Bitcoin reserve or some sort of digital asset stockpile,” Sacks told CNBC.
While no formal commitment has been made, the mere consideration of a federal Bitcoin reserve represents a dramatic shift from previous administrations’ skepticism toward digital assets. If implemented, such a policy could:
✔ Further legitimize Bitcoin as a global store of value
✔ Hedge U.S. dollar reserves against inflation
✔ Encourage wider adoption of crypto within government institutions
However, the proposal is likely to face strong opposition from traditional banking institutions and congressional skeptics wary of crypto’s volatility and security risks.
The SEC’s Changing Approach to Crypto
In a surprising turn, the SEC—historically seen as a crypto adversary—announced a major shift in its regulatory stance.
Led by newly appointed Crypto Task Force Chair Hester Peirce, the agency has vowed to:
- Clarify which crypto assets qualify as securities
- Create a structured approval process for token issuers
- Establish guidelines for staking, crypto lending, and ETFs
- Remove legal ambiguity that has hindered U.S. blockchain innovation
This policy shift marks a stark departure from the enforcement-heavy approach under former SEC Chair Gary Gensler, whose tenure was characterized by stringent lawsuits against major crypto firms.
Peirce, widely regarded as crypto-friendly, published a statement titled “The Journey Begins”, signaling the SEC’s willingness to engage with the industry rather than regulate through litigation.
For crypto firms, this could mean:
- A more predictable regulatory environment
- Increased opportunities for legal compliance
- A pathway for new financial products and services
The SEC also announced it is actively soliciting public input, with firms and individuals encouraged to submit feedback or request meetings with the newly formed Crypto Task Force.
David Sacks’ Influence and Washington’s Crypto Shift
Tuesday’s press conference marked Sacks’ first major policy event since taking office. Though he does not wield direct regulatory power, his close ties to the White House and tech leaders like Elon Musk make him a central figure in shaping the administration’s crypto stance.
Sacks’ appointment is notable given his past criticisms of Trump, yet his recent alignment with the administration—culminating in a $12 million fundraiser for Trump’s re-election campaign—underscores the growing importance of crypto and AI in the political landscape.
His statement at the Crypto Ball in Washington last month made waves:
“The war on crypto is over.”
This declaration signals a new chapter for digital assets in the United States—one marked by policy engagement rather than resistance.
What’s Next for U.S. Crypto Regulation?
The next six months will be critical as Congress deliberates stablecoin legislation, digital asset classification, and broader crypto regulations. Key developments to watch include:
- The passage of Sen. Hagerty’s stablecoin bill and potential bipartisan amendments
- The SEC’s engagement with the crypto industry and regulatory proposals
- Progress on the feasibility of a U.S. Bitcoin reserve
- How other federal agencies—like the Treasury and Federal Reserve—respond to these initiatives
If successful, this new regulatory approach could cement the U.S. as a global leader in digital assets, reversing years of regulatory uncertainty that have driven innovation overseas.
As Sacks himself put it,
“I look forward to working with each of you in creating a golden age in digital assets.”
With legislation, SEC reform, and White House backing, the U.S. crypto industry may finally get the clarity and support it has long sought—and stablecoins could be the first major domino to fall.
Thomas Lin
UCW Newswire
