As the newly appointed “AI and crypto czar,” David Sacks has a critical two-year window to advocate for pro-crypto policies in the United States. With the 2026 midterm elections on the horizon, stakeholders are keenly watching to see whether a gridlocked government will allow for any meaningful regulations to emerge.
Currently, the Republican Party holds a precarious minority in the House of Representatives with just 219 seats. This narrow majority leaves little room for error, as past trends suggest that control of the chambers could easily flip in the upcoming elections. Joe Doll, general counsel for the NFT marketplace Magic Eden, warns that the next two years represent a fleeting opportunity for Sacks to implement crucial reforms before a potential shift in power.
Doll stated, “The House majority is a real slim margin, and it probably flips because it almost always flips. So you could have a divided government that gets things locked up and frozen in two years. So we have 24 months to push through something important.” The urgency is palpable, as Sacks has long been an advocate for cryptocurrency and technological progress, a sentiment echoed by many in the industry.
Moreover, Donald Trump‘s administration has welcomed pro-crypto voices into pivotal governmental roles. For instance, Paul Atkins has been nominated as the chairman of the Securities and Exchange Commission (SEC), reinforcing the administration’s commitment to enhancing the crypto landscape. In addition, Stephen Miran has been selected as the Council of Economic Advisors chairman, a choice that has been positively received due to his focus on deregulation.
Rep. French Hill from Arkansas confirmed the Republican Party’s priorities in the arena of digital assets by stating that a comprehensive digital asset market structure bill is one of their foremost objectives. His assertion that these regulations will be introduced within the first 100 days of the new legislative session highlights the proactive approach the GOP aims to take towards crypto regulations.
As the clock ticks, the crypto community remains optimistic but anxious. They see this period as not just crucial for regulatory frameworks but also for establishing the United States as a leader in cryptocurrency innovation. The forthcoming actions taken by Sacks and the Trump administration will set the tone for the industry’s trajectory over the next few years.
While challenges lie ahead, the current administration’s willingness to engage with crypto stakeholders could potentially lead to a new era of growth and innovation in the American economic landscape. As the 2026 elections approach, only time will tell if Sacks can leverage his position effectively or if opportunity will slip away into the political shuffle.
