PANews reported on October 23 that David Sacks, the White House director of cryptocurrency and artificial intelligence, said: "I met with senators on Capitol Hill today and had productive talks with key Democratic members. I believe we are fully capable of passing crypto market structure legislation this year with bipartisan support. This will ultimately bring much-needed regulatory clarity to the cryptocurrency industry and consolidate the success of the U.S. Stablecoin Innovation GENIUS Act signed by President Trump earlier this year."