Today two things happened, one is the well-known David Sacks press conference, and the other is SEC's Hester Peirce released the encryption task force. The former seems not to have met market expectations, but also elaborated on some key contents, and the latter may bring about a transformation of the SEC.

The reason why BTC almost fell below $98,000 after David Sacks is because the expected BTC or encryption currency reserve strategy was not directly mentioned, and the compliance of stablecoins was emphasized. Of course, David Sacks emphasized that this is an important step in the development of the US dollar on stablecoins, to promote the US dollar as the world's reserve currency (dollar hegemony).
And at the end of the conference, David Sacks also mentioned the issue of the US's current strategic reserve of #Bitcoin, and