Sequoia Capital partner claims overregulation is stifling the U.S. economy, David Sacks retweets

According to BlockBeats, on December 15, Sequoia Capital partner Roelof Botha posted on his social media platform, stating, 'Seeing more and more regulators hastily impose penalties and restrictions on businesses before the government changes. Their actions expose their illegitimacy. Widespread and erratic overregulation is stifling the U.S. economy.'

This tweet was shared by David Sacks, the newly appointed White House AI and cryptocurrency chief by Trump.