davidsacks

U.S. official and White House advisor David Sacks, responsible for oversight of cryptocurrency and AI policy, has issued a stark warning: the greatest threat posed by artificial intelligence isn’t machines turning on humans, but its potential to become a tool for mass surveillance and political manipulation.

Orwellian AI: “A Technology That Rewrites Reality”
In Monday’s episode of The Ben & Marc Show (Andreessen Horowitz), Sacks explained that the real danger lies in the political misuse of AI to reshape reality according to those in power.

“We’re not talking about robots attacking us. We’re talking about AI that lies to you, rewrites history, and serves the agenda of those who rule,” he said.
According to Sacks, this could turn AI into a modern version of “Big Brother” — a system that monitors, controls, and shapes public opinion through personalized algorithms.

“AI will know everything about you — your habits, your preferences, your weaknesses. It will become the perfect surveillance tool for governments. That, in my view, is the single greatest risk of AI that people still underestimate,” he warned.

Overregulation Risks Turning AI Into a Political Weapon
Sacks also criticized the Biden administration and Democratic-led states such as California and Colorado for pushing what he called “overprotective” laws. These measures aim to combat algorithmic discrimination but, in Sacks’ view, stifle innovation and politicize AI development.
“The problem isn’t the technology itself — it’s the people who misuse it. We should target those who abuse AI, not the engineers who build it,” he said.

Sacks argued that existing anti-discrimination laws are already sufficient and that additional regulations only slow innovation and expand state control over developers.

Clash with Anthropic: “Spreading Fear to Influence Regulation”
Sacks also targeted AI research firm Anthropic, accusing it of using public fear to shape regulatory policy.

He was responding to the company’s essay “Technological Optimism and Reasonable Fear,” which warned of the risks of unregulated AI. Sacks countered that Anthropic was using this narrative to lobby state governments and strengthen its own position in future AI policymaking.
Billionaire Reid Hoffman, co-founder of LinkedIn, defended Anthropic, calling it “one of the good actors.” But Sacks fired back: “By promoting heavy-handed regulations in states like California, they’re paving the way for politically biased AI.”
Anthropic CEO Dario Amodei rejected Sacks’ claims, saying the company advocates for a federal regulatory framework to avoid a patchwork of conflicting state rules. The firm maintains that its mission is to “develop AI for the public good while ensuring the United States remains globally competitive.”

The Threat of “Big Brother 2.0”
Sacks concluded with a warning that centralizing power over AI could create a system capable of real-time monitoring, censorship, and manipulation of public opinion.

“If we allow politicians and bureaucrats to control AI, we won’t need an Orwellian state — we’ll have built one ourselves,” he said.


#AI , #DavidSacks , #technews , #ArtificialInteligence , #worldnews

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The United States is finally preparing to take a major step toward clear cryptocurrency regulation. David Sacks, a close advisor to Donald Trump on artificial intelligence and digital assets, confirmed that a Market Structure Bill for crypto is expected to be finalized by the end of September. This legislation could rewrite the rules of the game—not only in the U.S., but globally.

🔹 Bill to Be Finalized After the Summer Recess
According to Sacks, a clear timeline has been set: the bill will be introduced before the August congressional recess, discussed in early September, and completed by the end of the month. The legislative push is being led by Senators Tim Scott and Cynthia Lummis, both of whom have long advocated for digital asset policy.
Sacks thanked the senators for their leadership and emphasized that President Trump supports regulatory clarity, particularly regarding stablecoins, which he sees as essential for continued innovation in the crypto space.

🔹 What Could the Bill Change?
The legislation aims to clarify the powers of the SEC and CFTC, a longstanding issue hindering market development. It should clearly define which cryptocurrencies are securities (SEC) and which are commodities (CFTC)—a distinction with major implications for trading, launching projects, and regulatory oversight.
The bill could form the basis for a clear regulatory framework that eliminates the legal uncertainty plaguing the U.S. market. This would make it easier for institutional investors to enter the space and open the door to innovation and new products.

🔹 Stablecoins in the Spotlight
One of the bill’s main focuses is stablecoins, which Sacks sees as having massive potential in the real economy—especially for payments and on-chain activity. Insiders believe Trump’s vocal support for this segment could help win over lawmakers who were previously skeptical.

🔹 Will Crypto Become Part of National Economic Policy?
The ambitious September deadline signals that Washington is starting to view digital assets as a strategic priority. If passed, the bill could restore the U.S.’s leading role in crypto regulation, providing much-needed certainty for investors and companies.
Industry leaders have welcomed the effort. “Regulatory clarity is exactly what the market needs,” is the common refrain across the community. If the bill is completed and approved on time, it would mark a historic milestone that could shape the crypto landscape for years to come.

#TRUMP , #DavidSacks , #Stablecoins , #CryptoInnovations , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ahead of his inauguration, Donald Trump launched his own cryptocurrency called $TRUMP , which reached a market capitalization of approximately *$11.7 billion* and a trading volume of *$52.5 billion* in less than 24 hours. According to CoinMarketCap, it has already become the 18th largest cryptocurrency.
**Current State of the Cryptocurrency Market**
Amid these developments, $BTC hit an all-time high, surpassing **$109,000**. $ETH is also showing strong positive momentum.
**Market Volatility and Prospects**
The return of Donald Trump to the presidency could lead to significant fluctuations in the cryptocurrency market. His administration, which includes advocates of digital assets like *Elon Musk* and *David Sacks*, is expected to foster the growth of the crypto industry by reducing regulatory barriers. However, investors should prepare for heightened volatility driven by political and economic changes.
**Fear and Greed Index**
The Fear and Greed Index, which reflects market sentiment, can provide valuable insights into current trends.
- Low values** indicate fear, which may present a favorable buying opportunity. - High values** indicate greed and a potential overbought market.
**Investor Recommendations**
- Monitor the Market:
Stay updated on news and announcements from the new administration, as they could significantly impact the cryptocurrency market.
- Diversify Your Portfolio:
Consider allocating investments across various cryptocurrencies and traditional assets to mitigate risks.
- Assess Risks:
Keep in mind the high volatility of the market and invest only what you can afford to lose.
**Conclusion**
Overall, the outlook for the cryptocurrency market in 2025 appears optimistic, especially with potential support from the new U.S. leadership. However, caution and well-informed decision-making remain crucial for investors.
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#TRUMP #usa #ElonMusk #DavidSacks #memecoins

David Sacks has confirmed the sale of his crypto assets before stepping into his official duties. He has been appointed as the White House Crypto Czar by President Donald Trump. 
Details of the Liquidation 
In a public statement on March 2, 2025, Sacks declared that he had liquidated his $BTC , $ETH , and $SOL holdings. This is a standard procedure that prevents potential conflicts that may influence federal crypto policies.
He also clarified how his indirect exposure was minimal, with the Bitwise ETF citing only a $74,000 position.
Market Implications 
This liquidation occured during a heightened volatility in the crypto market. Due to President Trump's announcement of including some Cryptocurrencies in the “U.S. Crypto Reserve”, XRP, Solana (SOL), and Cardano (ADA) has experienced significant price movements. 
White House Crypto Summit
David Sacks’ approach to eliminate any conflicts with personal interests shows his administrative commitment towards an evolving crypto ecosystem. With the approaching date of the White House Crypto Summit, stakeholders have different insights as to what the strategic direction for digital tokens will take.
Donald Trump will host a White House crypto summit on 07th March 2025 for top players in the industry. The president's crypto czar, David Sacks, will join founders, CEOs, and investors with members of a Trump working group to craft policies for boosting crypto adoption.
#DavidSacks #DonaldTrump #WhiteHouseCryptoSumit #CryptoNews #TheCoinRepublic