David Sachs announced progress on a bill to regulate the cryptocurrency market in the US.
Date: 2025-11-07 Author: Oliver Abernathy Categories: IN WORLD
White House Adviser on Cryptocurrency and Artificial Intelligence David Sachs announced significant progress in drafting a bill aimed at regulating the cryptocurrency market in the US. He stated that the joint efforts of senators from both parties have already yielded tangible results, and the final version could be presented very soon.
Sachs spoke about a meeting with Senators John Boozman of Arkansas and Cory Booker of New Jersey, during which they discussed key provisions of the bill. He thanked them for their constructive dialogue within the Agriculture Committee, noting that the agreements reached inspire optimism for the initiative's further progress.
"We've taken a big step forward." "Development of a balanced, bipartisan bill that will ensure clear rules for the crypto industry is entering its final stages," Sachs stated.
Work on the bill has been ongoing for several months. Despite political differences and the recent federal government shutdown, the US Senate has not halted discussions, striving to create a stable legal framework for digital assets. Senator Boozman previously emphasized his primary goal of passing the new law by the end of 2026 to ensure transparency and predictability in cryptocurrency regulation.
At the same time, Senator Cory Booker (D-CA) supported the idea of jointly developing the bill, emphasizing the need for a balanced approach between innovation and investor protection. Both parties intend to reach a compromise to ensure broad support for the initiative in Congress.
Furthermore, on October 22, Democratic Party representatives met with representatives of leading crypto companies. The discussion focused on proposals related to strengthening oversight of the decentralized finance (DeFi) sector as part of the CLARITY Act. This project is being considered as part of a broader reform effort aimed at establishing transparent regulations for the crypto industry.
The bill, which is currently being prepared for publication, could become one of the key regulatory documents shaping the future of the US cryptocurrency market. Its passage should create a legal framework for further innovation while ensuring reliable protection for users and investors.
It is not yet clear when the bill will be released, but Senate sources say it will happen in the coming weeks.
