Golden Finance reported that Matt Hougan, chief investment officer of Bitwise, wrote that as Trump’s appointed AI and cryptocurrency “czar” David Sacks advances reasonable regulatory policies, fraud and bad actors in the encryption industry will be significantly reduced in the next four years. Hougan believes that the previous enforcement-oriented regulatory approach has actually increased investor risks. Previously, Sacks said that the Digital Asset Working Group will work on developing market structure regulations, a regulatory framework for stablecoins, and evaluating national digital asset reserves.