David Sacks Reports Major Progress on US Crypto Market Bill

• White House counselor David Sachs held a meeting with Senators Boozman and Booker on regulating the crypto market.
• According to Sachs, significant progress has already been made and a bipartisan draft of the bill could be released soon.
• Senator Boozman previously reported that the Senate’s goal is to pass legislation by 2026.

White House adviser on cryptocurrencies and artificial intelligence David Sachs reported progress on a bipartisan bill to regulate the crypto market.

The policymaker emphasized that he is encouraged by the significant progress that has already been made and looks forward to a bipartisan bill in the near future.

In late October 2025, we reported that the U.S. Senate continued to work on the bill despite the shutdown. At the time, Senator John Boozman said he was in talks with Democrats to create a bipartisan version of the document. The goal, he said, is to pass the bill by 2026.

Also on October 22, the Democratic Party was to hold a meeting with representatives of cryptocurrency companies. The topic was to discuss proposals to strengthen DeFi regulation under the CLARITY Act bill.