- David Sacks has a two-year opportunity to implement cryptocurrency policies.
- Trump’s pro-crypto appointments enhance industry support.
Recently, President Joe Biden appointed David Sacks as the U.S. AI and crypto czar, and the clock is ticking. With the 2026 midterm elections looming, lawmakers have two years left to pass pro-crypto regulations. The political environment now is thus more complex than it otherwise would be: There is a slender majority in the House of Representatives and an even-divided government. Recently, speaking to Cointelegraph, Joe Doll, general counsel for NFT marketplace Magic Eden, indicated that without rapid action, momentum for crypto-friendly policies would stall.
Optimism about the appointment of Sacks comes from the crypto community, especially since he is a long-time advocate of technological innovation and cryptocurrencies. He uniquely sits at the helm to ensure that policies are implemented that nurture economic freedom and grow this crypto industry in the United States. Doll however makes known that in a divided government, there is an immediate danger of gridlock in passing the crucial crypto regulations.
The window of opportunity is narrow. With a divided Congress, which is unlikely to have the advantage to pass meaningful legislation in any event, looming on the horizon are the 2026 midterms and a sprint for those in crypto like Sacks to make sure America does not slip its footing in the global digital asset market. Failure to pass these policies by the elections may result in a power shift that halts further progress on crypto-friendly regulations.
Trump’s Appointments Bolster Crypto’s Future
Apart from Sacks’ efforts, the appointments by President-elect Donald Trump in the last few weeks have only strengthened the optimism of the crypto industry. Paul Atkins, chosen to head the Securities and Exchange Commission (SEC), and Stephen Miran, who will lead the Council of Economic Advisors, support deregulation and technological advancement. These appointments as pro-crypto have made a giant leap forward for a friendly regulatory environment for digital assets.
Republican lawmakers also focus on crypto regulation. Arkansas Congressman French Hill recently declared that creating an all-inclusive framework of digital asset regulation will be at the top of the GOP’s agenda. Hill plans to introduce this framework within the first 100 days of the new Congress to clearly show support for the cryptocurrency industry. However, he emphasizes that its regulation must foster growth and fuel innovation within the U.S. cryptocurrency market at the approach of the year 2026.
