#The White House: A New Era for Cryptocurrency#

David Sacks, the incoming White House cryptocurrency chief, recently issued a statement declaring that "the reign of terror against crypto is over, and a new era of American crypto innovation is just beginning." This statement has drawn widespread attention and is being interpreted as a shift in the US government's attitude towards crypto, signaling a new era of opportunity for the American cryptocurrency industry. Sacks, who previously served as the White House AI and cryptocurrency chief under the Trump administration, undoubtedly carries significant authority with his pronouncements. He believes that the US government will no longer adopt a repressive stance towards crypto but will instead embrace cryptocurrency technology and encourage its applications across various domains. This shift is expected to inject new momentum into the American crypto industry and inject a dose of optimism into the global crypto market.