Michael Saylor and Cynthia Lummis laud David Sacks, highlighting his potential to strengthen U.S. leadership in digital assets and financial innovation.
The appointment of David Sacks as a U.S. crypto czar sparks optimism for advancing cryptocurrency regulation and creating a strategic Bitcoin reserve.
Ripple CEO and other tech leaders anticipate significant contributions from David Sacks in both cryptocurrency and artificial intelligence innovation.
Michael Saylor, co-founder and executive chairman of MicroStrategy, recently shared his support for David Sacks, the newly appointed U.S. "crypto czar." Sacks, a venture capitalist and former PayPal COO, has drawn attention as he steps into a key role in the nation’s digital asset development. Saylor praised Sacks’s leadership, expressing confidence in his ability to position the U.S. as a global leader in digital assets and financial innovation.
Support from Senator Cynthia Lummis
Pro-Bitcoin U.S. Senator Cynthia Lummis, a vocal advocate for digital assets, also conveyed her optimism about Sacks’s appointment. She described 2025 as a pivotal year for Bitcoin and digital assets, highlighting the need for comprehensive legislation and the potential establishment of a U.S. strategic Bitcoin reserve. In alignment with Lummis, Saylor echoed these sentiments, emphasizing the transformative potential of Sacks’s leadership.
Endorsements from Industry Leaders
Ripple CEO Brad Garlinghouse added to the wave of endorsements, congratulating Sacks and underscoring his deep understanding of the tech and cryptocurrency sectors. Garlinghouse expressed confidence in Sacks’s capacity to help advance White House initiatives focused on cryptocurrencies and artificial intelligence. His sentiments reflect the broader optimism within the tech community regarding Sacks’s ability to drive meaningful progress.
https://twitter.com/saylor/status/1869120897283735995
The newly appointed crypto czar’s responsibilities extend beyond digital assets to include oversight of artificial intelligence, signaling the administration’s focus on integrating innovation across multiple sectors. Reports suggest a potential collaboration between Sacks and Elon Musk, with Musk’s xAI startup and its chatbot Grok possibly aligning with federal initiatives. Sacks, who played a key role in Musk’s acquisition of Twitter, is viewed as a pivotal figure in advancing U.S. technological initiatives.
A critical aspect of Sacks’s agenda involves shaping comprehensive cryptocurrency legislation. Senator Lummis emphasized the importance of this framework in her remarks earlier this year. Her proposal for a strategic Bitcoin reserve underscores the growing recognition of Bitcoin as a vital asset in the U.S. financial landscape.
