Analysis: David Sacks may have potential disagreements with the Trump family

robot
Abstract generation in progress

ChainCatcher News, financial analyst agency goodAlexander published an article analyzing the position of David Sacks, director of cryptocurrency and AI at the White House, on U.S. crypto policy: David Sacks' recent series of interviews shows that the Trump administration's crypto policy may disappoint the market, as its stance is more inclined to Bitcoin maximumism and fails to provide a clear path for the United States to become a unique crypto capital, but at least prevents the prosecution and de-banking of the industry. The analysis notes that Sacks likened the U.S. strategic reserve of bitcoin to a "digital fortress", similar to the role of a gold reserve. In particular, he highlighted Bitcoin's uniqueness, including Satoshi Nakamoto's "perfect genesis," fixed supply, decentralization, and the "decade-old $2 trillion bug bounty," which are arguments for a store of value rather than "digital cash" or the "Internet of value." Notably, Sacks said that Trump's ADA, XRP, and SOL tweets were "not extraordinary" and just "top five cryptocurrencies," which clearly clashes with Eric Trump's amplified interpretation of his father's tweet. Analysts believe that there may be potential disagreements between the Sacks and members of the Trump family, who invest heavily in the crypto industry. In terms of regulatory direction, Sacks highlighted SEC Commissioner Hester Peirce's approach to providing a grace period for web developers to promote broad participation and the development of functional or decentralized networks under certain conditions. This means that the explicit goal of crypto projects will be to become an alternative to Bitcoin – a decentralized commodity that is centralized in the short term but has a grace period. Although the new policy is more conducive to the industry than it was under the Biden administration, analysts believe that it may be more conducive to new projects than existing ones.

TRUMP-3.63%
BTC-1.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)