President Donald Trump's AI and Crypto czar, David Sacks, has teamed up with lawmakers on digital asset regulations, with stablecoins as a key focus. In a CNBC interview, Sacks highlighted plans to pass legislation within six months to provide a clear regulatory framework, boosting U.S. innovation in digital finance. Sacks joined congressional leaders to endorse a stablecoin bill, citing benefits for U.S. dollar dominance and long-term economic growth. The SEC announced steps to clarify crypto rules, promising transparency and reduced regulatory ambiguity.
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