U.Today – Michael Saylor, co-founder and executive chairman of business intelligence firm MicroStrategy, has joined venture capitalist and Bitcoin advocate Cynthia, the newly appointed “crypto czar” in the United States. He reposted a tweet he had published about Lummis. Former Chief Operating Officer of PayPal (NASDAQ:).
Thaler, a leading evangelist, clearly has high hopes for Sacks as he shares his views on the future prospects of the United States under the “rule” of this “crypto czar.”
Saylor follows CEO in praising US 'crypto czar'
Wyoming Sen. Cynthia Lummis tweeted that she expects 2025 to be “the year of Bitcoin and digital assets.” Like Saylor, Lummis believes Sachs can bring major advances to the U.S. in terms of digital assets.
In particular, she mentioned the creation and passage of a future “Comprehensive Digital Assets Act” and the creation of a U.S. Strategic Bitcoin Reserve. Lummis hinted at this in a speech at the annual Bitcoin conference in Nashville, Tennessee, in July. US.
Thaler agreed with her, saying he believes that with David Sachs' leadership, the United States has a good chance of becoming a world leader in “digital assets and financial innovation.”
Earlier this month, Ripple CEO Brad Garlinghouse sent Sachs “huge congratulations” on XPost, saying the new “cryptocurrency czar” has a deep understanding of the technology space and is a perfect fit for the position. said.
Ripple's boss believes Sachs can help advance the White House's plans for cryptocurrencies and artificial intelligence (AI).
Elon Musk and the “Cryptocurrency Emperor”
The “Crypto Czar” will lead government oversight of artificial intelligence and cryptocurrencies in the United States, as well as the President-elect's Science and Technology Advisory Council in his new administration.
As reported in the media, it is very likely that Sachs and his friend, the tech mogul Elon Musk, will work together in the future. Because Musk runs the xAI startup, whose flagship product, the Grok chatbot, has been integrated with the Musk-owned X social media platform.
Sachs was one of the people who encouraged Tesla's (NASDAQ:) CEO to go through with its much-touted $44 billion acquisition of Twitter in 2022.
This article was originally published on U.Today
