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White House AI and Crypto Director: The crypto industry has already made concessions on stablecoin revenue; banks should respond
27/02/2026 20:06
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Svmuu News: David Sacks, the White House’s director for AI and crypto affairs, stated on social media that Patrick Witt is driving progress toward a compromise between the banking and crypto sectors and is actively working to bring market structure legislation to fruition. Sacks noted that the crypto industry has already made significant concessions regarding stablecoin yields and called on the banking sector to respond accordingly.
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