David Sacks Slams Elizabeth Warren for Blocking Crypto Innovation Under Biden

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Crypto Chaos: The Battle of the Billionaires! 💰⚔️

Oh, gather ’round, dear readers, for a tale of crypto capers and political shenanigans! David Sacks, the grand poobah of AI and crypto at the White House, has declared that the Trump administration is all aboard the crypto express! 🚂💨 In a delightful chat with Fox Business on May 27, he proclaimed, “Cryptocurrencies are the future financial system!” and insisted that we must sprinkle some fairy dust on this industry. He even boasted about the marvelous progress made in just 100 days, reversing years of what he called “anti-crypto nonsense.”

But wait! Enter the formidable Senator Elizabeth Warren, who Sacks has accused of being nothing more than an autopen in Biden’s grand scheme to stifle innovation. This political spat erupted after Warren had the audacity to criticize Trump and Sacks for using crypto to line their own pockets. Oh, the drama! 🎭

BREAKING: Elizabeth Warren controlled the autopen during the Biden administration, claims White House AI & Crypto Czar David Sacks.

— Leading Report (@LeadingReport) May 28, 2025

Warren Hits Back at Trump’s ‘Big Beautiful Bill’

Not everyone is tickled pink with this crypto carnival. Senator Warren has taken a sledgehammer to a new bill that barely squeaked through the House, calling it a lavish gift to the wealthy and a slap in the face to Medicaid. She’s been a long-time crypto critic, and she’s not shy about slamming the administration’s cozy relationship with the industry. Ouch! 😬

Sacks Fires at Warren, Calls Her Crypto’s Biggest Enemy

Just in: Crypto Czar #DavidSacks slams Senator Elizabeth Warren for her strong antiCrypto stance.

He claims she’s determined to push the sector out of the U.S., showing no interest in fostering its growth domestically.#CoinPedia #CryptoNews #Blockchain #CryptoMarket

— Coinpedia (@CoinpediaNews) May 28, 2025

And Sacks didn’t hold back! He accused Warren of harboring a “pathological hatred” for crypto, as if she were a villain in a children’s story! His favorite victory? Defunding the CFPB, which he cheekily dubbed her “personal goon squad” for pressuring crypto companies. He’s also been singing the praises of upcoming crypto-friendly laws, like the stablecoin bill and the Genius Act, which he claims will create rules so solid that future regulators will need a magic wand to change them! 🪄

Warren Raises Ethics Concerns

In a twist worthy of a soap opera, Warren raised eyebrows about Sacks’ ethics, pointing out that he’s advising on crypto policy while also running a venture capital firm that invests in crypto. Normally, that would be a big no-no, but the Trump administration waved a magic ethics waiver, allowing him to shape policies that could make his own investments soar! Talk about a plot twist! 📈

The crypto debate in Washington is heating up, and it’s getting personal, folks!

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  • Billionaire Investor Warns of U.S. Debt Crisis After Trump’s New Bill Passes

Sacks Hints at U.S. Buying More Bitcoin

WHITE HOUSE CRYPTO CZAR DAVID SACKS HINTS THE USA WILL START BUYING #BITCOIN SOON

IT’S HAPPENING!!!

— Vivek (@Vivek4real_) May 27, 2025

But hold onto your hats! Despite all the hullabaloo, Sacks revealed that the Trump administration’s shiny new Strategic Digital Asset Reserve could allow the U.S. to gobble up more Bitcoin, provided it doesn’t add to the national debt. Speaking at the Bitcoin 2025 conference, Sacks said the reserve is already filled with Bitcoin seized by the Treasury, but it also opens the door for future purchases. If the Commerce or Treasury officials can shuffle funds from underused programs without new taxes or borrowing, the government might just expand its Bitcoin stash! 💼

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2025-05-28 08:53