Trump’s AI and crypto czar says crypto and traditional banks will become ‘one industry’
White House crypto and AI advisor David Sacks said U.S. banks will eventually adopt cryptocurrencies, especially stablecoins, once new legislation reshapes how the sector is regulated.
Sacks said the divide between banks and crypto firms will vanish after Congress passes market structure rules currently in development.
“We’re not going to have a separate banking industry and crypto industry. It’s going to be one digital assets industry,” he said in a CNBC interview.
Sacks’ comments reflect the Trump administration’s belief that its legislative push will further unlock institutional participation in crypto markets.
Many major U.S. banks have historically remained on the sidelines, wary of unclear rules and regulatory risks….
