President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators.
What Happened: In an X post, Sacks thanked Senate Banking Committee Chair Senator Tim Scott (R-S.C.) and Digital Assets Subcommittee Chair Sen. Cynthia Lummis (R-Wyo.) for their commitment to introduce the CLARITY Act, known popularly as the crypto market structure bill, before the August recess and get it passed by the end of September.
