We'll now turn to member questions. The chair recognizes himself for five minutes for the purpose of asking questions. Last week, during a press conference with Chairman Hill, Thompson, Scott, and Bozeman, The White House's AI and crypto czar David Sacks said the administration's committed to working with Congress on a market structure and stablecoin framework. While financial market regulators have the power to clear up some of the regular regulatory regulatory ambiguity related to the digital asset ecosystem, there's some obvious gaps where no regulator has jurisdiction. (00:12–00:22)
CLAIM
Asserts that the White House is committed to working with Congress on a market structure and stablecoin framework.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
