Trump’s AI and Crypto Czar David Sacks Endorses Bitcoin’s Strength
“First, you got Bitcoin. It was the first digital currency. It’s the original, it’s the strongest one,”

David Sacks, recently appointed by President Donald Trump as the U.S. AI and crypto czar, has voiced strong support for Bitcoin, calling it the original and most secure cryptocurrency. Speaking in a CNBC interview, Sacks highlighted Bitcoin’s resilience, emphasizing its long-standing security and role as a premier store of value.
“First, you got Bitcoin. It was the first digital currency. It’s the original, it’s the strongest one,” Sacks stated. “It’s been around for over a dozen years now. No one’s ever hacked it. No one’s ever cracked the security around it.”
Beyond Bitcoin, Sacks pointed to blockchain technology and stablecoins as key innovations shaping the digital asset landscape. He noted that blockchain’s underlying framework extends beyond cryptocurrency and could power a variety of applications, including decentralized financial products. While stablecoins are widely used, Sacks acknowledged that they largely operate outside of U.S. regulatory oversight.
The Trump administration, he revealed, aims to bring stablecoin issuance onshore, ensuring compliance with American financial laws while strengthening the U.S. dollar’s global position. Sacks argued that stablecoins could reinforce the dollar’s dominance in international transactions, boosting demand for U.S. Treasury bonds and potentially aiding government debt financing. In alignment with these goals, Senator Bill Hagerty introduced a bipartisan bill this week aimed at establishing a formal regulatory framework for stablecoins.
The proposed legislation marks a shift toward clearer guidelines in an industry long plagued by uncertainty.
In addition to regulatory efforts, Sacks confirmed that the administration is in the early stages of evaluating the feasibility of a national Bitcoin reserve. He described this initiative as a high-priority item, emphasizing that formal implementation would require key personnel confirmations and further assessment. Sacks reiterated these plans in a Washington press conference, outlining the administration’s commitment to advancing cryptocurrency regulation. President Trump’s executive order formally established a working group dedicated to digital asset oversight, with Sacks leading the initiative. One significant provision of the executive order is the outright prohibition of a Central Bank Digital Currency (CBDC).
The Trump administration has positioned itself firmly against CBDCs, aligning with concerns that they could compromise financial privacy and centralize monetary control.
Regulatory shifts extend beyond Sacks’ working group, as the Securities and Exchange Commission (SEC) moves away from its previous enforcement-heavy approach to crypto regulation. With former SEC Chair Gary Gensler stepping down, the agency is now taking steps to develop a structured regulatory framework for digital assets. Acting SEC Chairman Mark Uyeda has established a Crypto Task Force, led by Commissioner Hester Peirce, known for advocating crypto-friendly policies.
On Tuesday, Peirce unveiled a new initiative webpage aimed at providing regulatory clarity and gathering public input from investors, industry leaders, and academics. The New York Times reported that the SEC is scaling back its crypto enforcement unit, which expanded to over 50 lawyers under the previous administration. This reduction signals a shift in approach, focusing on long-term regulatory structures rather than aggressive litigation.
Despite these regulatory developments, market sentiment remains fragile. CoinGecko data shows Bitcoin trading below $100,000, currently at approximately $97,000. The broader cryptocurrency market continues to struggle amid geopolitical uncertainties and recent tariff announcements. While the Trump administration’s pro-crypto policies mark a significant regulatory shift, their impact on digital asset prices remains uncertain.
However, Sacks’ endorsement of Bitcoin and the broader push for clear regulations indicate that the U.S. government is taking a more structured approach to integrating cryptocurrencies into the financial system.
photo source / Blockonome
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