President-elect Trump announced yesterday his selection of David Sacks, the entrepreneur and former PayPal “mafia” member who hosted a big fundraiser for Trump in Silicon Valley, as the newly created “AI & Crypto Czar” in the White House. Sacks is also part of the popular podcast All-In.
Sacks joins a group of Trump’s nominees who are also pro-Bitcoin and pro-cryptocurrency, including:
Trump has selected what might be called the first Bitcoin Administration of the United States.
- Secretary of Treasury nominee Scott Bessent, who said in an interview with FOX Business: “I think everything is on the table with Bitcoin and to be one of the most exciting things about Bitcoin is for a generation of investors who posted great financial crisis have been looking for investment opportunities and soured on markets crypto is bringing in young people and the people who have not participated in markets and having a market culture in the U.S. and people believe in the market that works for them is the centerpiece of capitalism.”
- Secretary of Commerce nominee Howard Lutkin, who said at the Bitcoin 2024 conference: “Bitcoin is like gold and should be free trade everywhere in the world.”
- SEC Chair nominee Paul Atkins is a strong cryptocurrency supporter and the co-chair of the Digital Chamber’s Token Alliance, a crypto industry group. In announcing his nominee, Trump said on social media: “[Atkins] also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
Bessent on Bitcoin:
Lutkin on Bitcoin:
Atkins on Bitcoin:
Sacks on Bitcoin: