David Sacks: Crypto regulation is expected to be completed within the next six months
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Odaily reports that White House AI and cryptocurrency chief David Sacks said in an interview: "Today I met with the leaders of the House and Senate Banking and Finance Committees on Capitol Hill, and they are very committed to pushing legislation through the House and Senate this year to provide the clear regulatory framework needed to sustain American innovation in the digital asset ecosystem." He added that this could be completed within the next six months. Sacks also mentioned that the government hopes to bring stable coin innovation, which is currently mainly taking place overseas, to the US by allowing the issuance of stable coins domestically, "I believe the power of stable coins is that they can expand the dominance of the US dollar internationally, extend it into the online digital realm, and create potentially tens of trillions of dollars in new demand for US Treasuries."
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