David Sacks Must Act Fast to Push Crypto Policy Before 2026
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David Sacks has two years to implement pro-crypto policies before the 2026 midterms. Passing crypto-friendly regulations is urgent before a divided government halts progress. Trump’s key appointments show strong support for advancing cryptocurrency innovation. Crypto’s Future Depends on New Crypto Policy David Sacks, the newly appointed “AI and crypto czar” in the United States, has a deadline to enact pro-crypto policies before the 2026 midterm elections. According to Joe Doll, general counsel for the NFT marketplace Magic Eden, there is still much work to be done in a recent interview with Cointelegraph. Doll said that with the current slim majority in the House of Representatives. The risk of gridlock is quite high, which can halt the forward momentum of crypto-friendly regulations. Doll said the window of opportunity is just two years until the 2026 midterms. There’s pressure because the political climate is shifting. Congress has to be won, and the government is divided. Doll cited a situation where a divided government usually cannot pass crucial bills, and legislation is stalling. Therefore, the pressure mounts for Sacks and other crypto advocates to push pro-crypto policies through before this administration loses its grip on both chambers of Congress. David Sacks Leads U.S. Crypto Efforts with a Tight Deadline The appointment of Sacks is a great development for the crypto community. He has been a strong advocate for cryptocurrencies and technological innovation for a long time. His role as “AI and crypto czar.” Uniquely positions him to advocate for policies that foster innovation, economic freedom, and the growth of the crypto industry in the U.S. Sacks’ work will be necessary in defining the future of digital assets and ensuring the U.S. remains a player in the global crypto markets. Trump’s Picks Show Strong Support for Crypto Growth Further, the pro-crypto stance is reflected…
Filed under: News - @ December 29, 2024 11:43 pm