It did not take long for the "Crypto President's" appointed Crypto Czar, David Sacks, to arouse the interests of decentralized finance champions at home and abroad.

Sacks has been tasked with designing a comprehensive legal framework that supports crypto growth and innovation across the U.S., pursuant to the President's "Strengthening American Leadership in Digital Financial Technology" executive order.

On February 4, Sacks and key members of Congress at a press conference outlined a timetable for creating a new regulatory framework for U.S. digital assets and their issuers. The first step, said Sacks, was to create a bicameral working group to advance crypto legislation within the next 100 days.

Sacks was joined at the press conference by Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman G.T. Thompson.

In laying out a broad crypto-friendly agenda, Sacks pledged to work diligently to create "a golden age in digital assets."

To that end, Sen. Bill Hagerty (R-Tenn.) on February 3 filed a bill, dubbed the GENIUS Act, to set up U.S. oversight of stablecoin issuers that would split regulation between state agencies, the Federal Reserve, and the Office of........

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