Magic Eden Legal Advisor: David Sacks Only Has 2 Years to Promote Crypto-Friendly Policies

CoinRank News: Joe Doll, general counsel of NFT marketplace Magic Eden, said in an interview that the recently appointed AI and cryptocurrency czar David Sacks only has two years to promote pro-crypto policies before the 2026 US midterm elections. Doll believes that the threat of government deadlock could stifle regulation, and the current government must promote pro-crypto policies while still controlling both houses of Congress. The House majority is very thin and there is a high probability of a reversal because it almost always reverses. Therefore, you may have a divided government that will finalize things in two years. So we have 24 months to push something important. (Cointelegraph)