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📌 David Sachs is leaving his crypto position in the White House administration while important legislation remains pending.

Sachs said he resigned after exhausting the 130-day limit for temporary government employees. . Digital assets

– Sachs said he resigned after exhausting the 130-day limit for temporary government employees.

He pushed through legislative initiatives to regulate the market and stablcoins, but those efforts went unfinished.

He will continue his work for the administration as part of the President’s Scientific and Technical Advisory Council.

David Sachs is leaving his post as the White House’s top advisor on AI and cryptocurrencies, ending a short tenure that nevertheless influenced the U.S. government’s stance on digital assets but failed to finalize a number of key bills.

Sachs explained in an interview with Bloomberg on Thursday that his tenure as a special government employee ended after 130 days.

He will continue to participate in the administration as co-chair of the President’s Science and Technology Advisory Council, advising on a broader range of technology topics.

During his time in the White House, Sachs has played a prominent role in shaping the Trump administration’s crypto agenda, including lobbying for market structure and stackablecoin legislation and supporting the creation of a strategic bitcoin reserve in the United States.

He has also advocated for more definitive rules for digital assets and, while sharing the position of many Trump supporters, has criticized the Biden administration’s approach as overly enforcement-oriented.

However, some of the most anticipated reforms for the sector never materialized.

After months of unsuccessful attempts, Senate Republicans had a definitive plan to get a cryptocurrency regulation bill through committees before public interest on Capitol Hill waned. Cynthia Lummis (Wyoming Republican), the Senate’s chief proponent of the legislation, announced Wednesday that the Senate Banking Committee will consider the delayed market structure bill, known as the Clarity Act, in the second half of April. We do plan to get it out of the banking committee in April, Lummis said …

Sachs had previously expressed hope for passage of market structure and stackcoin legislation in the first 100 days of the administration, but those efforts faced opposition as Congress continued debate on the CLARITY Act after that deadline.

One of the original proposals to create a permanent White House “crypto council” with industry leaders never materialized: the administration opted for periodic forums and an internal digital asset working group after disagreements within the sector complicated the original plan, according to previous Decrypt reports.

Sachs was also involved in early discussions regarding digital asset reserves and the formation of a bitcoin reserve, which was seen as part of a larger effort to strengthen the U.S. position as a global crypto hub. LINE_REACTION So far, those steps have also not been finalized. The reserve is expected to be continually replenished with bitcoins seized from the U.S. government, though questions about funding and methods for additional purchases remain open.

Before taking office, Sachs said he sold his personal crypto holdings to avoid conflicts of interest, but continues to advocate for a clearer regulatory framework for the industry.

He has often dismissed Democratic and industry concerns about Trump’s ties to World Liberty Financial, a DeFi company controlled by the president’s sons.

Sachs’s departure leaves the administration’s cryptocurrency policy in limbo as lawmakers continue to wrangle over how digital assets should be regulated in the U.S., including the allocation of oversight responsibilities among agencies and rules for stablecoins.

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