PakGazette – Michael Saylor, co-founder and CEO of business intelligence company MicroStrategy, reposted a tweet posted by pro-Bitcoin US Senator Cynthia Lummis about the newly appointed “cryptocurrency czar” in the US. : David Sacks, a venture capitalist and the former COO of PayPal (NASDAQ:).
Saylor, a leading evangelist, shared his opinion on the future prospects of the United States under the “rule” of this “crypto czar,” clearly placing high hopes in Sacks.
Saylor praises US ‘crypto czar’, following CEO
Senator Cynthia Lummis of Wyoming tweeted that she hopes next year 2025 will be “the year of Bitcoin and digital assets.” Like Saylor, Lummis also believes that Sacks can bring significant progress to the US in terms of digital assets.
In particular, he mentioned the future creation and passage of “comprehensive digital asset legislation” and the creation of the US Bitcoin Strategic Reserve, which Lummis suggested in July of this year in his speech during the Annual Bitcoin Conference held in Nashville, Tennessee, in the United States.
Saylor agreed with her, saying he believes David Sacks’ leadership will likely make the United States a global leader “in digital assets and financial innovation.”
Earlier this month, Ripple CEO Brad Garlinghouse sent “huge congratulations” to Sacks in an .
The Ripple boss believes that Sacks will be able to help the White House advance its plans related to cryptocurrencies and artificial intelligence (AI).
Elon Musk and the “cryptocurrency czar”
The “cryptocurrency czar” will lead government oversight of artificial intelligence and cryptocurrencies in the US and the Council of Advisors for Science and Technology in the president-elect’s new administration.
As reported in the media, there is a good chance that Sacks and his friend, technology mogul Elon Musk, will work together in the future, as Musk runs the startup xAI, whose main product, the Grok chatbot, has been integrated with the platform of social networks X that belongs to Musk.
Sacks was among those who encouraged the Tesla (NASDAQ 🙂) CEO to carry out the much-hyped $44 billion acquisition of Twitter in 2022.
