While Sacks acknowledged that the Trump administration’s specific crypto policies were still in development, he emphasized that digital assets were a “week-one priority” for the administration. He noted that Trump’s Cabinet was working diligently to establish a federal regulatory framework, particularly for stablecoins.

David Sacks and Republican lawmakers spent much of Tuesday laying out their plans to start working towards a regulatory framework for crypto.

Republican lawmakers said Tuesday they are moving full-tilt to help President Donald Trump fulfill what the crypto world most unanimously wants from the new administration: clear regulation for the digital asset industry.