U.S. White House AI and Cryptocurrency Affairs Director David Sachs has recently been spotted frequently on Capitol Hill, holding a series of meetings with senators. What are the core topics of these engagements? Advancing the legislative progress of the Digital Asset Market Clarity Act.

This bill is quite significant. It aims to delineate the regulatory boundaries between the SEC and CFTC — two agencies whose jurisdiction over digital assets has long been a point of confusion in the industry. Through this legislation, it will further clarify which cryptocurrencies are considered securities and which are commodities. For the entire industry, this means obtaining a clearer and more predictable regulatory framework. Uncertainty is often the enemy of markets, and the advancement of this legislation is precisely filling that gap.