TechFlow News, May 13: David Sacks (@DavidSacks) posted that tomorrow’s consideration of the Digital Asset Market Structure Act marks a critical step for the United States to become the “global crypto capital” and maintain its leadership in innovation. Sacks commended Senator Tim Scott, Chairman of the Senate Banking Committee, for his efforts in advancing the legislation and thanked Patrick Witt, the White House’s Crypto Director, for his behind-the-scenes coordination and support. Sacks also noted that approximately 50 million people in the U.S. currently hold or use cryptocurrency, and this bill will provide institutional safeguards for long-term innovation and development across the entire ecosystem.
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