Magic Eden legal advisor: David Sacks has only 2 years to promote encryption-friendly policies

On December 29th, Joe Doll, the chief legal advisor of the Non-fungible Token market Magic Eden, stated in an interview that the recently appointed 'AI and Cryptocurrency czar' David Sacks has only 2 years before the 2026 U.S. midterm elections to advance policies supporting Cryptocurrency. Doll believes that the threat of government deadlock may stifle regulation, and the current government must push for Cryptocurrency-friendly policies while still controlling both houses of Congress. 'The House majority is very slim, and it's likely to reverse, as it almost always does. So, you might encounter a divided government that will make things certain in two years. So we have 24 months to advance some important things.' (Cointelegraph)