U.Today – Michael Saylor's Support for New Crypto Czar

Michael Saylor, co-founder and executive chairman of MicroStrategy, recently shared a tweet from pro-Bitcoin U.S. Senator Cynthia Lummis about David Sacks, the new “crypto czar” in the U.S. Sacks is a venture capitalist and former chief operating officer at PayPal (NASDAQ:PYPL).

Saylor, a prominent Bitcoin advocate, expressed optimism about the future of the U.S. under Sacks’ leadership, suggesting he could make significant contributions to the digital assets landscape.

Praise for the Crypto Czar

Senator Lummis believes 2025 will be pivotal for Bitcoin and digital assets, expecting Sacks to drive the creation of comprehensive digital asset legislation and a U.S. strategic Bitcoin Reserve, a proposal she presented at the Bitcoin Conference in Nashville earlier this year. Saylor echoed her sentiments, asserting that Sacks could position the U.S. as a leader in digital assets and financial innovation.

Earlier, Ripple CEO Brad Garlinghouse also congratulated Sacks via an X post, expressing confidence in Sacks' understanding of the tech area and his suitability for the role, particularly in advancing the White House's cryptocurrency and AI initiatives.

Sacks and Elon Musk

As the newly appointed “crypto czar,” Sacks will oversee the regulation of AI and cryptocurrency in the U.S., along with the Council of Advisors for Science and Technology under the new administration. It’s reported that Sacks may collaborate with Elon Musk, the tech mogul who runs the xAI startup, integrating technology developments into the social media platform X. Sacks was instrumental in supporting Musk’s acquisition of Twitter in 2022 for $44 billion.

This article was originally published on U.Today.