Senator Elizabeth Warren sent a letter to crypto czar David Sachs asking "how he will stop the president and other private individuals from profiting directly from the Trump administration's selective inflating of the value of certain crypto assets," Gold Finance reported. ”

White House AI and Crypto Assets Czar David Sacks said the emergence of DeepSeek R1 indicates that the AI competition will be very intense, and Trump's revocation of Biden's executive orders is correct because Biden's executive orders have constrained American AI companies.

Jinse Finance reported that Andrew Griffith, the Minister of Economic Affairs of the British Ministry of Finance, told lawmakers that the government has no plans to appoint an encryption czar during Tuesday's debate. The debate was moderated by the all-partisan All-Parliamentary Group on Crypto and Digital Assets (APPG), which released a report in early June asking the government to appoint an official to oversee crypto regulation. The U.K. Treasury had earlier proposed regulating cryptocurrencies as financial services, and a bill to this effect is currently being passed in Parliament. Griffith said the government has no plans to create a specific cryptocurrency czar, but I, as economy minister and as the one responsible for UK financial regulation, have committed to advocating for the industry rightly. Griffith previously wanted the UK to become a cryptocurrency hub.