The U.S. digital asset strategy will be discussed at a press conference by White House cryptocurrency director David Sacks on Tuesday, February 4 at 2:30 p.m. ET.
According to reports and a newly released memo, 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.) will join David Sacks, who serves as President Donald Trump’s artificial intelligence (AI) and cryptocurrency czar.
According to reports, the event will center on how Congress and the Trump administration intend to position the US as a global leader in the digital asset industry. The announcement states that Sacks would likely discuss the White House’s strategy approach to digital assets, which may involve national security considerations, innovation incentives, and regulatory regulations.
The occasion highlights the administration’s attempts to work with lawmakers to develop legislation pertaining to cryptocurrencies and blockchain.
The news conference takes place as debates over the regulation of digital assets and its effects on financial markets are becoming more heated in Washington. Legislators have discussed topics including decentralized finance, stablecoin governance, and the function of digital currencies issued by central banks in the American monetary system. Additionally, Trump’s tariff proposals have agitated markets at the time of the summit.
Policymakers and industry participants will be keenly observing the administration’s position on encouraging innovation while maintaining regulatory certainty. Future legislative and regulatory initiatives in the cryptocurrency field may be influenced by the White House’s perspective. Following this announcement, there was some relief for cryptocurrency markets and bitcoin (BTC), and prices soon improved. The press conference is accessible to the public and will be held at the Dirksen Senate Office Building in Washington, D.C.
