David Sacks, recently dubbed the “AI and crypto czar,” has done this […]
According to Joe Doll, general counsel of NFT marketplace Magic Eden, David Sacks, recently dubbed the “AI and crypto czar,” has a narrow two-year window to make a crypto-friendly move before the 2026 U.S. midterm elections to adopt policies and implement them.
Speaking to Cointelegraph, Doll expressed concerns about a possible government shutdown. He stressed that the narrow Republican majority in the U.S. House of Representatives, which currently holds 219 seats, could flip in the next election cycle and lead to divided government. “The majority in the House is a really narrow margin, and it probably changes because it almost always changes,” Doll explained. “So we have 24 months to get something important done.”
Pro-crypto momentum from the Trump administration
The crypto community has largely welcomed the appointments of President-elect Donald Trump, who has appointed several pro-crypto advocates to key advisory and Cabinet roles. These moves signal a commitment to fostering innovation and creating a favorable regulatory environment for digital assets.
David Sacks in 2014. Source: Wikipedia
One of the most famous appointments is that of David Sacks, a long-time advocate for cryptocurrencies, technological advancement and economic freedom. His leadership is seen as crucial in shaping policies that could benefit the emerging crypto industry.
To further strengthen the pro-crypto stance, Trump nominated Paul Atkins as Chairman of the Securities and Exchange Commission (SEC) on December 4, 2024. Atkins’ extensive experience, including his role as…
