David Sacks Must Act Fast to Push Crypto Policy Before 2026 Elections
- 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.
- Trumps key appointments show strong support for advancing cryptocurrency innovation.
Cryptos 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.
Theres 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.
Trumps Picks Show Strong Support for Crypto Growth
Further, the pro-crypto stance is reflected through the nominations made by President-elect Donald Trump. The crypto community has reacted positively to these appointments. The key people being appointed in the most notable ones are Paul Atkins to chair the Securities and Exchange Commission (SEC) and Stephen Miran.
Who would now be appointed as the head of the Council of Economic Advisors? Both support deregulation and technological advancement, a factor aligned with what drives the push for the cryptocurrency industry: favorable regulation.
In addition, the Republican Party has identified cryptocurrency market structure as a top legislative priority. In his recent appearance on CNBC. Congressman French Hill of Arkansas claimed that a comprehensive digital asset regulatory framework. Which will be a significant agenda item for the GOP in the upcoming legislative session. The party intends to propose this framework within the first 100 days of the new Congress. Thus strongly committing to regulating digital assets to support innovation.
As the next two years will be very important for the crypto industry because they will be critical times before the 2026 midterms. Policymakers and industry leaders are working to establish a regulatory environment that supports the growth of digital assets in the U.S.
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Read more: https://thenewscrypto.com/david-sacks-must-act-fast-to-push-crypto-policy-before-2026-elections/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
