%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Recently appointed U.S. Crypto Czar David Sacks says that investors should prepare for the “golden age” that is coming in digital assets such as %Bitcoin (CRYPTO: $BTC ). Sacks made the comment when announcing that the U.S. House of Representatives and Senate are forming a joint working group to advance cryptocurrency legislation. The Crypto Czar said at a news conference that his aim with the legislation is to ensure “American dominance in digital assets.” Sacks added: “I look forward to working with each of you in creating a golden age in digital assets.” The first piece of crypto legislation to emerge focuses on %Stablecoins, which are cryptocurrencies tied to an underlying asset such as the U.S. dollar or price of gold. U.S. Senator Bill Hagerty, a Tennessee Republican, wrote a bill to set-up U.S. oversight of stablecoin issuers, splitting regulation between state agencies and federal watchdogs such as the U.S. Federal Reserve and the Office of the Comptroller of the Currency. Tim Scott, a South Carolina Republican who chairs the U.S. Senate Banking Committee, said stablecoins will be dealt with first by Congress. Sacks said that market structure legislation should follow in short order. “We want to keep (crypto) innovation onshore in the U.S. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States," said Sacks. Bitcoin is currently trading at $98,500 U.S., having risen 5% so far in 2025.