According to David Sacks, advisor Patrick Witt is coordinating banks and crypto firms toward a compromise on market structure legislation after major industry concessions on stablecoin yields.
David Sacks, the White House’s crypto and AI lead, said advisor Patrick Witt is coordinating banks and the crypto industry to reach a compromise on market structure legislation. Sacks added that the crypto sector has made major concessions on stablecoin yield issues and urged banks to reciprocate, framing the effort as a step toward resolving policy differences between traditional finance and digital assets.