Deep Tide TechFlow News, on December 29, Magic Eden's General Counsel Joe Doll stated in an interview that David Sacks, recently appointed as the 'AI and Crypto Czar,' has only 2 years before the 2026 U.S. midterm elections to push for policies supporting the cryptocurrency industry. According to Doll, the threat of government gridlock could stifle regulation, and the current administration must push for cryptocurrency-supporting policies while still controlling both houses of Congress.
Doll said: 'The majority in the House is very slim, and it is likely to flip because it almost always does. So, there could be a divided government that locks and freezes things within two years. Therefore, we have 24 months to push for some significant changes.'