Crypto Leader David Sacks Describes SEC and CFTC Appointments as a 'Dream Team' for Cryptocurrency

Regulatory Developments: The U.S. has formed a regulatory team for digital assets following Michael Selig's confirmation as CFTC chair, with expectations for clear guidelines from Selig and SEC Chair Paul Atkins.

Market Structure Legislation: Congress is preparing to finalize a crypto market structure bill, which aims to establish the U.S. as a leader in the crypto space, building on the previously passed CLARITY Act.

CFTC and SEC Authority: Drafts of the Senate bill propose granting the CFTC expanded authority over blockchain assets, shifting some regulatory responsibilities from the SEC.

Concerns and Delays: Some senators have expressed concerns about DeFi provisions in the bill, which could delay its progress, and the final text is still pending before a floor vote.