Magic Eden's General Counsel: 'Crypto Czar' David Sacks Has Only Two Years to Push for Supportive Crypto Industry Policies

Joe Doll, the General Counsel of the NFT market Magic Eden, stated in an interview that David Sacks, recently appointed as the 'Crypto Czar,' has only two years before the 2026 U.S. midterm elections to push for policies that support the cryptocurrency industry. According to Doll, the threat of a government deadlock could stifle regulation, and the current administration must promote pro-crypto policies while still controlling both chambers of Congress. Doll said, 'The House majority is very slim and is likely to flip, as it almost always does. Therefore, there could be a divided government that locks and freezes things within two years. So we have 24 months to push some important things.' (Cointelegraph)