President Donald Trumps Cryptocurrency Czar, David Sacks, after signing an executive order of the president, while trying to hug ammunition in the market, while the Buden removed the management, wanted to follow the regulations in the industry.

In an exclusive interview with Fox Business' “Evening edit” On Friday, sacks, Trump's actions, the world's “crypto capital”, he said, he said.

Sacks said that Trump's crypto Instead of driving industry to other countries, the US is developing a regulatory framework to promote innovation and cryptist in the United States.

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“In the last four years, the Biden administration in fact, in fact, prosecuted and followed the sea, driving in the sea,” Edward Lawrence told Edward Lawrence. “By the founders, I heard very ugly stories by entrepreneurs, Biden's leadership will not tell what the rules of the road and wanted to do more than anything else in the industry.”

David Sacks, General Director of Zenefits, divided in 2016 in San Francisco on September 13, 2016 in US and the United States. (Reuters / Beck Diefenbach / Reuters)

“They say, tell us what the rules are. We will follow them,” he said. And Biden management will never do it. Therefore, the whole innovation was mainly moving in the sea and American was about to lose future technology. “

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Trump's order creates a Presidential Working Group on Digital Active Markets to develop a Federal Regulation Framework Digital assetsIncluding stablecoins and a strategic national digital asset. This will include the White House with the head of the AI ​​and Crypto, the Treasury Secretary, Securities and Exchange Commission (SEC), as well as other relevant departments and agency heads.