Trump’s Crypto Czar David Sacks Calls Crypto the “Industry of the Future”

Trump's Crypto Czar Champions Digital Asset Future

David Sacks, appointed as President Trump's Crypto and AI Czar, is advocating for the United States to become the global leader in cryptocurrency innovation.

• Crypto as a Key Industry: Sacks explicitly calls crypto the "industry of the future" and positions it, alongside AI, as a pillar of America's future technological and economic leadership.
• Critique of Previous Regulation: He strongly criticized the Biden administration's "regulation by enforcement" approach under SEC Chair Gary Gensler, arguing it prosecuted entrepreneurs instead of providing clear rules.
• The Goal of Regulatory Clarity: The Trump administration's goal is to establish a clear federal framework that protects consumers while allowing entrepreneurs to build and innovate within the United States.
• Political Resonance: Sacks noted that President Trump's campaign pledge to make the U.S. "the crypto capital of the planet" and to fire Gensler received significant positive feedback from voters.
• U.S. Strategic Bitcoin Reserve: Sacks was instrumental in crafting this policy. He clarified the reserve will be funded using Bitcoin already owned by the government via asset forfeitures, at no cost to taxpayers. The government will hold these assets in what he describes as a "digital Fort Knox" to avoid repeating past mistakes of premature sales.