The "crypto-king" era in the USA has ended. But not completely.
David Sacks is formally stepping down, explaining it as a "technical completion." And he immediately joins PCAST. So he hasn't left the room. He just moved to a different table.
And to be honest, his summary looks... strangely balanced.
On one side:
• crypto summit at the White House
• strategic reserve at $BTC
• signed law on stablecoins
On the other hand, the main issue still hasn’t been resolved.
The only rules of the game for the market in the USA have yet to emerge. The big market structure law is stuck. And it’s like building an exchange without trading rules — everything seems to work until the first serious conflict.
So, an interesting picture emerges.
Sacks has not failed.
But he has not closed the main question either.
He leaves behind not a reform.
But a half-assembled structure that may either become the foundation for $ETH -economy in the USA… or crumble under regulatory pressure.
And the most ironic part — his influence hasn’t gone anywhere.
It’s just that now he’s not a “king.”
But a person who is still around when decisions are made about what crypto will look like in America.
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