Golden Finance reported that the new cryptocurrency czar David Sacks praised President Donald Trump’s executive order on cryptocurrency in an interview with “Fox Business.” The order aims to clarify regulations, define digital assets and reinforce the dollar’s ​​dominance through stablecoins. According to Sacks, the newly formed Digital Assets Working Group will oversee regulatory developments. It will classify digital assets into categories such as securities, commodities and collectibles. The government also seeks to expand the use of stablecoins, arguing that it can drive demand for U.S. Treasuries. Sachs believes this strategy can support national debt and lower long-term interest rates.