2025-02-09 12:00:34 by cryptodnes

David Sacks, the White House’s lead on crypto policy, believes the Trump administration could establish clear regulations for digital assets within half a year. Speaking on the All-In Podcast, Sacks emphasized the importance of defining the structure of the crypto market to help developers navigate regulatory requirements. He explained that digital assets fall into different categories—currencies, securities, commodities, and collectibles like NFTs—each requiring distinct regulatory treatment. Bitcoin, for example, is already classified as a commodity, but other assets may shift classifications as they evolve. According to Sacks, one major issue is the lack of clear guidelines on how a crypto project could transition from being a security to a decentralized commodity. He argued that setting these definitions is critical for fostering innovation while ensuring compliance. With Republicans holding control of the House, Sacks sees a stronger possibility of passing meaningful crypto legislation—something previous efforts have failed to achieve. He remains optimistic that a regulatory framework could be put in place within six months.  SHARE: 0 SHARES