u.today
Michael Saylor, co-founder and the executive chairman of MicroStrategy business intelligence company, has reposted a tweet published by the pro-Bitcoin US senator Cynthia Lummis about the newly appointed “crypto czar” of the US – David Sacks, a venture capitalist and the former chief operating officer at PayPal.
Saylor, a major Bitcoin evangelist, shared his take on the future prospects of the US under the “rule” of this “crypto czar”, clearly placing big hopes on Sacks.
Saylor praises US "crypto czar", following Ripple CEO
Senator Cynthia Lummis from Wyoming tweeted that she expects the upcoming 2025 to become “the year for Bitcoin and digital assets”. Similarly to Saylor, Lummis also believes that Sacks is able to bring significant progress to the US in terms of digital assets.
In particular, she mentioned the future creation and passing of “comprehensive digital asset legislation” and the creation of the US strategic Bitcoin Reserve that Lummis suggested in July this year during her speech during the annual Bitcoin Conference held in Nashville, US.
Saylor agreed with her, saying that he believes David Sack’s leadership is likely to make the US a global leader “in digital assets and financial innovation.”
Under @DavidSacks’ leadership, the U.S. is primed to lead the world in digital assets and financial innovation. https://t.co/Cqf2FushXt
— Michael Saylor⚡️ (@saylor) December 17, 2024
Earlier this month, Ripple chief executive officer Brad Garlinghouse sent “huge congrats” to Sacks in an X post, saying that the new “Crypto Czar” understands the tech sphere very well and suits this position just right.
The Ripple boss believes that Sacks will be able to help the White House advance its plans related to cryptocurrencies and artificial intelligence (AI).
Elon Musk and "crypto czar"
The “crypto czar” will lead the governmental supervision of artificial intelligence and cryptocurrency in the US and the Council of Advisors for Science and Technology in the US president-elect’s new administration.
As reported by the media, there are quite high chances that Sacks and his friend, the tech mogul Elon Musk, might be working side by side in the future, since Musk runs the xAI startup, whose main product, the Grok chatbot, has been integrated with the X social media platform that belongs to Musk.
Sacks was among those who encouraged Tesla's CEO to conduct the much-hyped Twitter takeover for $44 billion in 2022.