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Pro-Crypto Policies Face Tight Timeline Before 2026 Midterms
According to Cointelegraph, David Sacks, recently appointed as the "AI and crypto czar," has a limited window of two years to advance pro-crypto policies before the 2026 midterm elections in the United States. Joe Doll, general counsel for NFT marketplace Magic Eden, emphasized the urgency in an interview, highlighting the potential for a gridlocked government to impede regulatory progress. Doll noted that the slim majority in the House could easily shift, leading to a divided government that might stall legislative efforts. He stressed the importance of utilizing the current administration's control over both chambers of Congress to enact significant crypto-friendly policies within the next 24 months.
The crypto community has largely welcomed the appointments made by President-elect Trump, who has placed several pro-crypto individuals in advisory and cabinet positions. These appointments are seen as a positive step towards implementing pro-innovation policies. Among the notable nominations is David Sacks, celebrated for his advocacy of cryptocurrencies, technological advancement, and economic freedom. Additionally, Paul Atkins was nominated as chairman of the Securities and Exchange Commission (SEC) on December 4, 2024, recognized for his role as co-chairman of the Digital Chamber’s Token Alliance since 2017.
Further strengthening the pro-crypto stance, Stephen Miran was named chairman of the Council of Economic Advisors on December 22. Miran's appointment has been well-received within the crypto industry due to his support for deregulation and technological progress. Meanwhile, Rep. French Hill, a Congressman from Arkansas, recently stated on CNBC that establishing a digital asset market structure bill is a top priority for the Republican Party. He indicated that introducing a comprehensive regulatory framework for cryptocurrencies is a key agenda item for GOP majority leader Steve Scalise, aiming to achieve this within the first 100 days of the upcoming legislative session.
The crypto community has largely welcomed the appointments made by President-elect Trump, who has placed several pro-crypto individuals in advisory and cabinet positions. These appointments are seen as a positive step towards implementing pro-innovation policies. Among the notable nominations is David Sacks, celebrated for his advocacy of cryptocurrencies, technological advancement, and economic freedom. Additionally, Paul Atkins was nominated as chairman of the Securities and Exchange Commission (SEC) on December 4, 2024, recognized for his role as co-chairman of the Digital Chamber’s Token Alliance since 2017.
Further strengthening the pro-crypto stance, Stephen Miran was named chairman of the Council of Economic Advisors on December 22. Miran's appointment has been well-received within the crypto industry due to his support for deregulation and technological progress. Meanwhile, Rep. French Hill, a Congressman from Arkansas, recently stated on CNBC that establishing a digital asset market structure bill is a top priority for the Republican Party. He indicated that introducing a comprehensive regulatory framework for cryptocurrencies is a key agenda item for GOP majority leader Steve Scalise, aiming to achieve this within the first 100 days of the upcoming legislative session.
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