THE ERA OF “REGULATION BY ENFORCEMENT” IS OVER
David Sacks says the biggest thing crypto needed wasn’t less regulation -- it was clear rules.
For years, founders operated under enforcement-first policy, where companies often discovered the rules only after facing legal action. That uncertainty pushed many crypto startups offshore.
Washington is now trying to reverse that.
The GENIUS Act has already established a framework for stablecoins, while the CLARITY Act -- which passed the House and is moving through the Senate -- aims to define how the rest of the crypto market is regulated.
Sacks says the goal is simple: replace uncertainty with clear rules so founders feel comfortable building in the U.S. again.