The US is well-positioned to pass crucial crypto market structure legislation before Thanksgiving according to key industry players. White House Crypto Czar David Sacks expressed optimism in meetings with Democratic senators, citing strong bipartisan support for the bill. Coinbase CEO Brian Armstrong echoed this sentiment, highlighting the high level of momentum towards its advancement. Both sides are nearing completion on the final details. 💰
Sacks, who engaged in productive talks with leading Democratic members, revealed that the US may finally achieve much-needed regulatory clarity for the crypto industry. He credits the bill’s potential success to previous measures like the Genius Act passed by President Trump.
The bill aims to safeguard DeFi innovation and provide essential stability to the market. Armstrong emphasized the crucial role of regulatory oversight in ensuring fairness for both large and small players.