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Commentary

The Trump admin will encourage—not hinder—U.S. leadership in blockchain technology and cryptocurrency. We must seize the moment

By
Chase Ergen
Chase Ergen
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By
Chase Ergen
Chase Ergen
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February 13, 2025, 12:47 PM ET
Chase Ergen—an entrepreneur, investor, and philanthropist—is executive director of Make America Wealthy Again, a pro-DeFi Super PAC undergoing registration.
David Sacks, AI and crypto czar with the Trump admin, speaks during a news conference on Feb. 4, with GOP senator Tim Scott behind him.
David Sacks, the Trump admin's AI and crypto czar, speaks during a news conference on Feb. 4, with GOP senator Tim Scott looking on. Ting Shen/Bloomberg via Getty Images

In a nation where roughly 65 million people already own cryptocurrencies, David Sacks, America’s first artificial intelligence and crypto czar, last week delivered a historic press conference on Capitol Hill, outlining the Trump administration’s strategic vision for digital assets.

Flanked by key congressional leaders, including Senate Banking Committee Chair Tim Scott and House Financial Services Committee Chair French Hill, Sacks reaffirmed the administration’s commitment to establishing the U.S. As a leader in cryptocurrency and decentralized finance (DeFi) in the year ahead.

His message was clear: Innovation in digital assets must remain onshore, and the Trump administration in its second rendition is making this a priority from day one.

Responsible crypto legislation

For too long, America has lagged behind other nations in providing clear, consistent regulations for digital assets. Sacks’ break from the norm in his remarks signal a new era—one where policymakers and industry leaders can work hand in hand to craft a framework that fosters innovation, ensures financial security, and drives economic growth here at home.

The formation of a joint working group between the U.S. House of Representatives and the Senate is but one of many crucial steps in advancing crypto legislation that encourages responsible development while protecting consumers.

Last week also saw the introduction of a Senate bill focused on stablecoin regulation. Introduced by Senator Bill Hagerty (R-TN), the GENIUS Act provides much-needed oversight of stablecoin issuers, balancing regulatory responsibilities between state and federal entities, including the Federal Reserve and the Office of the Comptroller of the Currency.

The bill would allow digital assets to thrive under a stable, predictable, and, rightly, an ‘America first’-driven legal framework.

Sacks’ message resonates with industry leaders who have long called for a pro-growth approach in the U.S. His emphasis on keeping innovation in America and ensuring that financial assets evolve digitally within U.S. Borders is indeed mission critical.

“We want that value creation to happen in the United States, rather than giving it away to other countries,” Sacks said—a powerful affirmation of the administration’s commitment to domestic leadership in digital finance.

Balancing innovation with security

This approach represents a welcome shift from the previous era of enforcement-first policies that created uncertainty and drove innovation offshore under the Biden administration. With Sacks leading the charge and a bipartisan effort underway in Congress, the U.S. Is well-positioned to reclaim its status as the leader in blockchain technology and cryptocurrency.

The digital future is inevitable, and last week’s press conference marks the beginning of America’s proactive engagement with it.

As for myself, I’ve long supported DeFi. I’m now leading Make America Wealthy Again, a Super PAC (undergoing registration) that supports DeFi—and our work has just begun. The coming months will be crucial in shaping policies that balance innovation with security.

For industry leaders, investors, and entrepreneurs, this is the moment to continue to lead by example alongside an administration that will—to all appearances—not only choose not to admonish those who innovate, but seek to engage, collaborate, and help build the regulatory infrastructure that will define the next era of finance.

This is not a market trend. Of those who already own cryptocurrencies, 67% plan to buy even more this year.

With the Trump administration’s clear commitment and a collaborative legislative effort taking shape, the U.S. Has the opportunity, and this is the moment, to lead the world into the next financial revolution.

Let’s make sure we seize it.

The opinions expressed in Coins2Day.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of  Coins2Day .

Read more:

  • Trump issues executive order on crypto: Here’s what it says
  • Crypto will have the same effect on capitalism as the invention of stock markets. The only question is when
  • Musk exploring blockchain use in US government efficiency effort
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About the Author
By Chase Ergen
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