web3 with a16z crypto Trump's Tech Czar on Crypto, AI, and American Innovation
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Nov 5, 2025 David Sacks, the former AI and crypto czar for the Trump administration, shares insights on U.S. policy toward AI and cryptocurrency. He highlights the importance of regulatory clarity to make the U.S. a crypto capital while discussing the dangers of excessive regulation. Sacks also critiques the trend of algorithmic liability and the geopolitical competition with China. Plus, he emphasizes the need for open-source initiatives to maintain freedom and competition in tech. A compelling conversation on innovation versus regulation!
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Regulation Vs. Innovation Balance
- Crypto needs regulatory certainty so entrepreneurs can build without fear of prosecution.
- AI policy should be pro-innovation to ensure U.S. companies can win the global race.
Founders Were Debanked During Biden Years
- David describes founders being debanked personally, unable to open bank accounts.
- He calls debanking an extreme form of censorship that deprived founders of a livelihood.
Protect Permissionless Innovation
- Avoid regulatory capture that creates approval systems for startups and slows innovation.
- Preserve permissionless innovation so small teams can rapidly build and compete.
