Key Takeaways
- David Sacks will lead a press conference on the U.S. digital asset strategy.
- Regulatory policies, innovation incentives, and national security are key topics.
- Crypto markets saw a slight recovery following news of the announcement.
David Sacks, President Donald Trump’s artificial intelligence and cryptocurrency czar, will host a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the administration’s digital asset strategy.
He will be joined by Senate Banking Committee Chairman Tim Scott (R-S.C.), Senate Agriculture Committee Chairman John Boozman (R-Ark.), House Financial Services Committee Chairman French Hill (R-Ark.), and House Agriculture Committee Chairman G.T. Thompson (R-Pa.).
Strategic focus & goals
The event will focus on how the U.S. plans to establish itself as a global leader in the cryptocurrency sector.
Sacks is expected to outline regulatory policies, innovation incentives, and national security considerations related to digital assets.
Key policy topics
The conference comes amid ongoing discussions in Washington about stablecoin oversight, decentralized finance (DeFi), and the potential role of central bank digital currencies (CBDCs).
The administration’s position on these topics could shape future legislative and regulatory actions in the crypto space.
Market impact & logistics
Following reports of the upcoming announcement, Bitcoin (BTC) and crypto markets saw a brief price recovery.
The press conference will be held at the Dirksen Senate Office Building in Washington, D.C., and will be open to the press.
