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David Sacks, special adviser for AI and cryptocurrencies in the US, has announced a change in the cryptocurrency market. Known as 'the Crypto Czar', he explained on his Twitter profile: "The Interagency Digital Assets Working Group is working well together to implement the President's agenda".
"Bo Hines is doing a fantastic job as Executive Director keeping everyone coordinated. Some major announcements will be made soon," he noted. Hines is the executive director of the Presidential Advisory Board on Digital Assets.
All this comes in response to Fox Business journalist Eleanor Terrett, who alerted to the number of cryptocurrency regulatory apps, which could be a problem.
"Surprisingly, there is a lot of coordination. These groups are talking and working with each other. Hines recently met with the head of the SEC's cryptocurrency task force, Hester Peirce, and the acting chair of the CFTC, Caroline Pham," he noted on X.
Sacks' response is that "tokenized assets and how stablecoins can act as a form of collateral in the futures markets". " of the House of Representatives' Bicameral Digital Assets Working Group are working in tandem with their Senate counterparts and the Presidential Working Group on drafting legislation," the journalist explained.
What are the most valuable cryptocurrencies today?
Bitcoin remains the undisputed king of this market, although its value has fallen slightly. It was above $100,000 at the beginning of Donald Trump's term in office
These are the 10 most valuable cryptocurrencies right now:
Bitcoin: $97,000.
Year.finance: $5,969
PAX Gold: $2,899.
Ethereum: $2,692.
Maker: $999.
BNB: $674.
Bittensor: $364.
Bitcoin Cash: $329.
Aave: $256.
Beefy.Finance: $254.