The post Major Crypto News Coming Soon, Confirms Trump’s ‘Crypto Czar’ David Sacks appeared first on Coinpedia Fintech News
President Trump’s advisor on digital assets and artificial intelligence, David Sacks, has hinted at major upcoming announcements that could impact the crypto industry. His statement follows a report from Fox Business journalist Eleanor Terrett, who revealed insider details about ongoing inter-agency meetings.
With top regulators and industry leaders involved, something big seems to be brewing behind closed doors. Could this mean clearer regulations, policy changes, or even a major shift in the US government’s stance on crypto?
While the details remain under wraps, all signs point to a game-changing development. Here’s what we know so far.
A Big Crypto Announcement on the Way?
In a recent tweet, Sacks stated that “some important announcements” on digital assets are “coming soon.” His message has caught the attention of the crypto community, sparking speculation about potential policy changes or new regulations.
Sacks’ statement was in response to a report by Eleanor Terrett, who highlighted increasing coordination between key regulatory agencies, including:
- The SEC’s crypto task force
- The CFTC’s pilot program
- The Presidential Working Group on Digital Assets
Key Players Driving Crypto Policy
Terrett also pointed out that Bo Hines, a close associate of Sacks, is playing a key role in ensuring smooth coordination between regulators and industry leaders.
Reports indicate that Hines has recently met with hester peirce 
hester peirce
Hester Peirce of the Securities and Exchange Commission, often known as "Crypto Mom," is one of the most outspoken supporters of cryptocurrency at the government level in the United States. Prior to joining the Securities and Exchange Commission, she worked in a variety of roles evaluating and formulating financial regulations, having graduated from Yale Law School. She worked at George Mason University's Mercatus Center, a libertarian think tank, most recently before becoming commissioner, where she produced, among other things, critiques of legislation like the Dodd-Frank Act.
She, often known as "Crypto Mom," is a member of the Securities and Exchange Commission. She was born in Ohio and graduated from Yale Law School. Prior to joining the Securities and Exchange Commission, she worked in a variety of capacities evaluating and creating financial regulations. She worked at George Mason University's Mercatus Center, a libertarian-leaning think tank, most recently before becoming commissioner, where she produced, among other things, critiques of legislation like the Dodd-Frank Act.
As chairman Jay Clayton steps out and a Joe Biden nominee takes his place, Republican Peirce will find herself in the minority. Clayton, on the other hand, was not particularly forward-thinking when it came to digital assets. President Biden has declared his intention to select Gary Gensler, a crypto expert who would presumably be more prepared to deal with Peirce than Clayton was.
The SEC's approval of initial public offerings for crypto businesses like Coinbase, the first U.S.-authorized Bitcoin ETF, and, of course, the ICO safe harbour are all obvious targets for Peirce. We won't know what Peirce thinks about the SEC's pursuit of Ripple until after the fact, per SEC protocol, but the outcome of that case will almost certainly serve as a springboard for more clarity.
Peirce told guests at the Crypto Finance Conference in January that the future SEC chairman's priority should be supporting innovation and giving regulatory clarity: "We need to embrace innovation and figure out how to create a regulatory framework that encourages it, which, in our field, I believe means providing clarity."
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head of the SEC’s crypto task force, and Caroline D. Pham, the acting chair of the CFTC. These meetings are seen as crucial for aligning regulatory strategies and ensuring that crypto policies consider industry perspectives.
Industry Leaders Join the Discussion
Beyond government agencies, leading crypto industry groups are also actively engaging with policymakers. Representatives from the Blockchain Association
Blockchain Association
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contact@theblockchainassociation.org
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and the Digital Chamber have been providing insights on key issues, including:
- Staking within ETFs
- Regulatory clarity for tokenized assets
Additionally, some industry members are expected to attend an upcoming CFTC CEO forum, where they will discuss how stablecoins can be used as collateral in futures markets.
With government agencies working together and industry leaders involved in key discussions, expectations are high for a major crypto policy announcement. While the exact details remain unclear, one thing is certain – big news is coming soon.
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