Washington, D.C. – Ranking Member Tim Scott of South Carolina held a meeting with David Sacks, who is set to become President Trump's White House A.I. and Crypto Czar.

During the meeting, discussions focused on the potential impact of blockchain technology and cryptocurrency on the financial sector. Scott expressed optimism about collaborating with President Trump, Sacks, and congressional colleagues to establish a regulatory framework for digital assets in the United States.

"Blockchain technology and cryptocurrency have the potential to democratize the financial world," Scott stated. He emphasized his anticipation for developing regulations that foster innovation domestically.

Scott also highlighted the importance of artificial intelligence advancements. "As artificial intelligence technology continues to advance, David’s efforts will be critical to ensuring that this next generation technology drives growth in the U.S. economy," he said.