David Sacks, the cryptocurrency and AI czar in the Trump administration, stated his support for the crypto industry while criticizing opponents.
Support for Cryptocurrency
In a Fox Business interview, Sacks noted, 'Cryptocurrencies are the future financial system.' He emphasized the need to support the crypto industry, mentioning significant achievements in the first 100 days of the Trump administration.
Conflict with Elizabeth Warren
Sacks accused Senator Elizabeth Warren of being an 'autopen' in the Biden era, trying to halt innovations in the crypto industry. Warren, in turn, criticized a new bill that she claimed supports only the wealthy and harms Medicaid.
The Future of Cryptocurrency in the U.S.
Sacks also disclosed a new 'Strategic Digital Asset Reserve' that may allow the government to increase its Bitcoin holdings if funded without increasing national debt. He pointed out that the reserve already includes Bitcoins seized by the Treasury.
The debate over cryptocurrencies in Washington is heating up, with the conflict between supporters and opponents of the new approach becoming increasingly evident.
