David Sacks Spoke about the US Push for Crypto Regulation and Unified Rules for the AI Sector

• David Sacks praised the Trump administration’s work on shaping legislative rules for AI and the crypto market structure.
• In particular, this is about merging banks and cryptocurrencies into a single digital asset industry.
• In addition, the White House sees a future for yield-bearing stablecoins.

The administration of U.S. President Donald Trump sees the future of cryptocurrencies and banks as a single digital asset industry, and also supports moderate, compromise-based regulation of both the crypto market and artificial intelligence (AI). This was stated by White House adviser on AI and cryptocurrencies David Sacks during an interview on CNBC alongside Michael Kratsios, director of the White House Office of Science and Technology Policy.

Sacks cited the debate over whether stablecoin issuers can pay yield to holders as one of the key reasons for the delay of the bill on crypto market structure in the Senate. According to him, the crypto industry and the banking sector have different approaches to this issue.

Sacks emphasized that the yield mechanism is already partially embedded in the GENIUS Act, which Trump passed and signed in July 2025: 

He added that the key task is to reach a compromise in order to pass the baseline law on market structure: 

In Sacks’ view, after this law is passed, banks will integrate into the crypto space en masse, and the divide between traditional finance and the crypto industry will disappear: 

Over time, he believes, banks will themselves come to view the idea of paying yield positively, as they become active players in the stablecoin market.

The interview also paid special attention to global competition in the AI space and chip exports. Sacks said China is effectively not interested in buying American chips, as it is betting on developing its own industry and on Huawei as a national champion.

According to him, the U.S. strategy was to supply China with previous-generation chips and, in doing so, limit Huawei’s ability to scale: 

At the same time, he acknowledged that this issue is gradually losing relevance, as China is moving toward full technological autonomy.

Michael Kratsios emphasized that the Trump administration aims to create a favorable environment for AI development in the U.S. without excessive regulatory pressure. 

He warned against a situation where each state adopts its own rules: 

According to Kratsios, the White House is working on a “lightweight” federal legislative framework that would replace disparate state rules while also addressing child protection, the fight against deepfakes, and other risks.

Earlier, we wrote that The New York Times published an article claiming that Sacks allegedly used the “crypto czar” position to advance his own investment interests in AI and cryptocurrencies. Sacks himself said these allegations had been debunked during the reporting process, and his lawyers dismissed the outlet’s conclusions as inaccurate.