David Sacks Races Against Time: Two Years to Shape Crypto Policy, Says Lawyer

David Sacks, recently dubbed the “AI and crypto czar,” has a narrow two-year window to advocate for and implement pro-crypto policies before the 2026 United States midterm elections, according to Joe Doll, general counsel for NFT marketplace Magic Eden.

In a conversation with Cointelegraph, Doll expressed concerns about potential government gridlock. He emphasized that the slim Republican majority in the U.S. House of Representatives—currently holding 219 seats—could flip in the next election cycle, resulting in a divided government. “The House majority is a real slim margin, and it probably flips because it almost always flips,” Doll explained. “So we have 24 months to push through something important.”

The crypto community has largely welcomed the appointments made by President-elect Donald Trump, who has included several pro-crypto advocates in 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 celebrated appointments is that of David Sacks, who has long championed cryptocurrencies, technological advancement, and economic liberty. His leadership role is viewed as pivotal for shaping policies that could benefit the burgeoning crypto industry.

Further bolstering the pro-crypto stance, Trump nominated Paul Atkins as chairman of the Securities and Exchange Commission (SEC) on Dec. 4, 2024. Atkins’ extensive experience, including his role as co-chairman of the Digital Chamber’s Token Alliance since 2017, positions him as a significant ally for the crypto sector.

Adding to the administration’s crypto-friendly team, Stephen Miran was named chairman of the Council of Economic Advisors on Dec. 22. Miran’s advocacy for deregulation and technological growth has been well-received by industry leaders.

The Republican Party has placed cryptocurrency regulation high on its agenda, with a focus on introducing a comprehensive framework to bring clarity to the sector. Arkansas Congressman French Hill highlighted this priority during a recent appearance on CNBC.

Source: X

Hill emphasized that creating a robust digital asset market structure bill is one of the GOP’s top legislative objectives for the upcoming session. He noted that Republican majority leader Steve Scalise aims to make significant progress within the first 100 days of the new Congress.

Despite the optimism, the road ahead is not without challenges. Passing meaningful pro-crypto legislation will require navigating partisan divides and ensuring bipartisan support. The crypto community remains hopeful, but time is of the essence as the 2026 midterms loom on the horizon.

As Doll succinctly put it, “We have 24 months to push through something important.” The clock is ticking for Sacks and his team to translate their vision into actionable policies that could shape the future of cryptocurrency regulation in the United States.