Trump Ally David Sacks Says US ‘One Step Closer’ To ‘Crypto Capital’ As Senate Panel Advances Bill
The U.S. Senate Committee on Agriculture, Nutrition, and Forestry voted on Thursday to advance cryptocurrency market structure legislation, moving the bill closer to establishing federal regulations for digital assets.
The move has been lauded by prominent figures in the industry, who see it as a vital step in positioning the U.S. as a global leader in crypto innovation.
White House Czar Hails ‘Crypto Capital’ Push
David Sacks, co-founder of PayPal Holdings Inc (NASDAQ:PYPL), and Brian Armstrong, CEO of Coinbase Global Inc (NASDAQ:COIN), were among the industry leaders who expressed their appreciation for this advancement.
Sacks, who also serves as White House AI and Crypto Czar, confirmed the committee action in an X post, thanking Chairman John Boozman for leadership on the measure.
“We are one step closer to establishing the necessary regulatory framework to make the United States the crypto capital of the world,” Sacks wrote on X.
The development comes days after Sacks urged compromise between banks and crypto firms to advance the legislation despite ongoing disputes over …
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