Partnered With:

Magic Eden Legal Counsel: David Sacks has only 2 years to drive crypto-friendly policy

BlockBeats News, December 29th, Joe Doll, the Chief Legal Advisor of the NFT marketplace Magic Eden, stated in an interview that the recently appointed "AI and Crypto Czar" David Sacks has only 2 years before the 2026 US midterm elections to advance crypto-friendly policies.

Doll believes that the threat of government gridlock could stymie regulation, and the current administration must push for crypto-friendly policies while still controlling both houses of Congress. "The majority advantage in the House is very slim and likely to be reversed, as it almost always is. So you could end up with a split government that will settle things in two years. So we have 24 months to push some important things forward." (Cointelegraph)

Source

Correction/Report

RelatedRecommended

Going head-to-head with OpenSea, Magic Eden's path to growing a crypto unicorn

Founded less than a year ago, Magic Eden now has more than 22 million monthly unique visitors, more than 100,000 wallets interacting with the platform every day, and the secondary market has more than 8,000 NFT collectibles.

Review of this week | Magic Eden will launch the token ME; Ethereum Foundation's annual expenditure budget is about US$100 million

Telegram CEO arrested in France, may face 20 years in prison; Ethereum Foundation ETH reserves may be exhausted within 8 years; Fed Chairman sends a strong signal of interest rate cuts; ZKsync Era network revenue drops 90% after airdrop; Japanese giant Sony launches Ethereum Layer 2 network Soneium; Binance Launchpool launches Dogs (DOGS);

Is Magic Eden's Diamond reward worth earning and how to earn it?

Interpretation of Magic Eden’s potential airdrop plan and multi-chain NFT experience

Magic Eden Token Generation Event (TGE) is coming soon! What preparations should be made before claiming the airdrop?

Some whales in the Magic Eden community are quite satisfied with the current pre-market price performance, and they even believe that ME has the potential to surge to $3 to $4 at launch.

On-Chain Activity