White House Crypto Czar David Sacks: Confident that the “Crypto Market Structure Act” will be passed this year, which will provide regulatory clarity to the industry

White House artificial intelligence and cryptocurrency czar David Sacks said that the Crypto Market Structure Act is expected to be passed this year with bipartisan support to bring "much-needed regulatory clarity" to the cryptocurrency industry.
(Preliminary briefing: Washington is accelerating digital asset legislation! Acting CFTC Secretary: Strive to make the United States the world's encryption leader)
(Background supplement: The U.S. cryptocurrency tax hearing will be held next week to determine the key puzzle of the "long-term bull market"?)

David Sacks, the White House artificial intelligence and cryptocurrency czar appointed by US President Trump, announced on October 23 via X The platform issued a statement stating that he met with members of the Senate Banking Committee and Agriculture Committee on Capitol Hill and had a "fruitful" meeting with Democratic leaders, expressing full confidence in passing the Crypto Market Structure Legislation (Crypto Market Structure Legislation) with bipartisan support this year. He emphasized that this bill will bring "much-needed regulatory clarity" to the cryptocurrency industry and will continue the success of the "GENIUS Stablecoin Act" signed by Trump earlier this year, laying a solid foundation for the U.S. crypto ecosystem.

I spent today on Capitol Hill meeting with the members of the Senate @BankingGOP and @SenateAgGOP Committees; thank you to their respective Chairmen @SenatorTimScott and @JohnBoozman for hosting me. I also had productive meetings with leading Democratic members, and believe we… pic.twitter.com/cf6GxxnydM

— David Sacks (@davidsacks47) October 23, 2025

The Crypto Market Structure Act: Bringing Clarity to the Crypto Industry

The Crypto Market Structure Act is a series of legislative proposals aimed at establishing a federal regulatory framework for the U.S. cryptocurrency market, with the core goal of resolving long-standing regulatory ambiguity. The bill clearly distinguishes between types of crypto assets, such as treating Bitcoin and others as commodities and subject to supervision by the Commodity Futures Trading Commission (CFTC), while some tokens are regarded as securities and are responsible for the Securities and Exchange Commission (SEC). The bill requires crypto trading platforms to register with the CFTC or SEC based on asset type, and also strengthens anti-fraud, market manipulation prevention and customer asset segregation measures.

In addition, the bill expands the CFTC’s jurisdiction over the spot market to cover most crypto transactions and provides a “regulatory sandbox” for innovation. This legislation continues the regulatory stance of the "GENIUS Stablecoin Act" signed by Trump in July this year. It puts forward clear requirements for trading platforms, custody and investor protection, and strives to give the United States an advantageous position in the global encryption market competition.