With the GOP holding a slim majority of 219 seats in the House, there’s mounting pressure to advance pro-crypto regulatory measures. The possibility of a gridlocked government, due to shifting party control, adds urgency to passing meaningful legislation in the next two years.

Sacks’ nomination is welcomed by the crypto community for advocating innovation and economic freedom. Paul Atkins, nominated as SEC chair, and Stephen Miran, selected as Economic Advisors chairman, further reinforce pro-crypto sentiments, sparking hope for technological advancements aligned with the community’s vision.

Congressman French Hill emphasizes the importance of a digital asset market structure bill as a top priority. Plans for establishing a regulatory framework for cryptocurrencies are underway, expected to be outlined in the first 100 days of the new session, under the leadership of GOP’s Steve Scalise.