Crypto had a flash crash on Friday, October 10, 2025, with $19 billion in liquidations. Plus, one investor was able to capitalize on the crash by taking out shorting cryptocurrency right before the crash, to the tune of $192 million.

New Crypto Czar for the Trump Administration held a press conference with key members of Congress for the cryptocurrency sector. There were not any announcements other than introductions of the start of the effort to come up with clear and sensible regulatory ideas for the cryptocurrency sector. It wasn’t until Q&A that Sacks addressed the…