David Sacks: Banks and crypto will merge if market structure bill clears Congress

In a January 21 interview on CNBC’s Squawk Box, White House AI and Crypto Czar David Sacks said banks and crypto firms could consolidate into a single digital asset industry once a market structure bill is approved. He urged lawmakers, banks, and crypto companies to find common ground on the CLARITY Act, while the American Bankers Association reported spending over $2 million in 2025 that included efforts related to the bill.