Michael Saylor, one of the co-founders and executive chairman of MicroStrategy, recently shared a tweet by US Senator Cynthia Lummis praising the newly appointed “crypto czar” of the US, David Sacks. Saylor, a prominent advocate for Bitcoin, expressed his optimism for the future of digital assets under Sacks’ leadership.
Lummis, a proponent of Bitcoin and digital assets, predicted that 2025 would be a groundbreaking year for the industry. She highlighted the importance of comprehensive digital asset legislation and the creation of a US strategic Bitcoin Reserve, concepts she had previously discussed at the annual Bitcoin Conference in Nashville. Saylor echoed her sentiments, stating that he believes Sacks has the potential to make the US a global leader in digital assets and financial innovation.
In a recent tweet, Saylor commended Sacks’ leadership, emphasizing the US’s potential to excel in the digital asset space under his guidance. Ripple CEO Brad Garlinghouse also congratulated Sacks, praising his understanding of technology and suitability for the role of “Crypto Czar.” Garlinghouse expressed confidence in Sacks’ ability to advance the White House’s initiatives regarding cryptocurrencies and artificial intelligence.
Sacks’ role as “crypto czar” will involve overseeing governmental supervision of artificial intelligence and cryptocurrency, as well as serving on the Council of Advisors for Science and Technology in the incoming administration. Speculation suggests that Sacks may collaborate with tech entrepreneur Elon Musk, given their existing connections. Sacks reportedly supported Musk’s Twitter takeover bid in 2022 and has ties to Musk’s xAI startup, which integrates with Musk’s social media platform, X.
Overall, the appointment of David Sacks as the US “crypto czar” has generated excitement within the industry, with key figures like Michael Saylor and Brad Garlinghouse expressing confidence in his ability to drive innovation and progress in the digital asset space. The collaboration between Sacks and potential partners like Elon Musk hints at a dynamic future for digital assets and technological advancements in the US.