Is the US Going to Become the Global Crypto Capital? White House Crypto Czar Sacks Talks Tough

Core Highlights: David Sacks, the White House’s new crypto policy advisor, declared at the Washington Digital Assets Summit that the US is now “significantly closer” to becoming the global capital of Bitcoin and cryptocurrencies. This isn’t just talk—real policy support is already landing.

Real Policy Tailwinds Arriving

This move is not an exaggeration. The Treasury just updated crypto tax guidelines, and the IRS has simplified transaction reporting requirements. The SEC’s stance has softened as well, approving multiple spot Bitcoin ETFs and signaling openness to more digital asset products.

Most crucially—bipartisan legislation is now possible. The Senate committee last week passed a comprehensive federal crypto regulatory framework, clarifying the jurisdiction between the SEC and CFTC, setting standards for stablecoin issuers, and opening a safe harbor for DeFi activities.

The Market Response Is Genuine

Within hours of Sacks’s speech, BTC rose 2.7%, with Ethereum, Solana, and Cardano following suit. Crypto VCs were even more aggressive—a report showed US crypto startup funding up 40% year-over-year, and institutional investors have started to buy in, including crypto assets in their portfolios.

Economic Impact Calculations

According to the Digital Asset Council’s estimates, crypto-friendly policies could create 200,000 high-skill jobs and contribute $5 billion to GDP within five years. Median salaries in the crypto industry are much higher than the national average, and the industry’s concentration in the US will accelerate talent attraction.

Some Concerns Remain

Of course, not everyone is optimistic. Economists worry that excessive deregulation could introduce financial risks or facilitate illegal activities. Consumer advocacy groups fear that rapid deregulation could expose retail investors to scam risks. Environmentalists continue to criticize the energy consumption of mining.

Sacks responded: “Becoming the crypto capital isn’t about the loosest regulations, but about encouraging innovation while providing real consumer protection.” Federal law enforcement has also been cracking down on crypto scams lately, showing they mean business.

International Competition Is Heating Up

The EU’s MiCA framework officially came into effect this month, and Singapore, Switzerland, and the UAE are also eyeing the lead. Whoever becomes the global crypto hub will reap the tech dividends. This isn’t just a financial issue—it involves the future application of blockchain in supply chains, healthcare, and voting systems.

What to Watch Next

The key indicators are whether the bill can ultimately pass the House, whether regulatory clarity among agencies can be maintained, and whether political support can persist. These factors will determine if the US can truly claim the title of global crypto capital. In the short term, BTC needs a new catalyst to break out, but the policy tailwinds are already clear.