Trump's Crypto Advisor David Sacks Says July Will Be A 'Big Month' — Says President Supports Legislation On Market Structure And Stablecoins

Benzinga

2025/06/27

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...

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She confirmed that the Senate's version of the bill would closely mirror the House bill. The proposed legislation aims to split cryptocurrency oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Put simply, it will clearly define whether cryptocurrencies like Bitcoin BTC/USD and Ethereum ETH/USD are securities or commodities.In a recent interview, Lummis expressed optimism that the White House is actively supportive of passing major crypto legislation as soon as July. She pointed to the GENIUS Act, a stablecoin-focused bill passed by the Senate last week, as evidence of this momentum.Photo Courtesy: sundaemorning on Shutterstock.comLoading...Loading...Read Next: \nTim Draper Says This Will Be The Fate Of Bitcoin And The Dollar In 5 Years — Billionaire Highlights Apps Built On BTC That Matter\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.$BTCBitcoin$107515.650.46%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum95.96Price TrendShortMediumLongOverview$ETHEthereum$2443.551.09%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}