Sacks first Press Conference focused on crypto, US Innovation, and Stablecoins. This AI and Crypto czar started the conversation that has been anticipated for some time.

Ripple CEO Brad Garlinghouse has ripped into the crypto community for bashing David Sacks’ first major press conference on Capitol Hill yesterday, calling the backlash “shortsighted.” Speaking after Sacks,

Late in the U.S. trading day, bitcoin was down 4.8% over the past 24 hours to $96,900 after having climbed up to the $101,000 level just two hours earlier. Much of the altcoin sector fared worse, with solana (SOL), (XRP), cardano (ADA) and chainlink (LINK) sporting declines of 6%-10%. Ether (ETH) was lower by 5.3%.

David Sacks and several pro-crypto politicians discuss the future of the Bitcoin and crypto industry in the United States at the first-ever U.S. press conference on digital assets.

Digital currencies displayed significant gains after yesterday’s flash crash, which saw Bitcoin exploring the $91K vicinity. Bulls triggered overnight recoveries after the United States president started delaying tariffs.

David Sacks, the newly appointed White House Crypto Czar, walked into his highly anticipated press conference on Capitol Hill today and left many in the crypto community frustrated. His mission was to explain how President Trump’s administration plans to push the US into crypto dominance after years of chaos under Gary Gensler’s anti-crypto regime.