White House crypto chief urges Congress to pass market structure bill

David Sacks, the AI and crypto chief for the U.S. Trump administration, has urged Congress to pass the Crypto Market Structure Act (CLARITY Act). On X, Sacks noted that while last year's stablecoin regulation bill established U.S. leadership in the stablecoin sector, the market structure bill aims to provide clear regulations for all crypto assets. He emphasized that now is the time for legislation and called on the Senate Banking Committee and the full Senate to pass the bill quickly. Sacks expressed confidence that the bill will pass, predicting that President Trump will sign it into law.