David Sacks Outlines Path for Banks and Crypto to Unite Under One Digital Asset Regime

On 22 January 2026, White House crypto adviser David Sacks argued in Davos that banks and crypto firms could eventually operate within a single digital asset framework once US market structure legislation is passed. He highlighted the dispute over interest-bearing stablecoins as the central obstacle to the CLARITY Act, urging crypto companies to accept near-term compromises to secure regulatory clarity. Sacks also suggested that banks' current opposition to stablecoin yield may reverse if they begin issuing such assets themselves.