Crypto Czar David Sacks Announces End to Restrictions in the United States
On February 4, 2025, David Sacks, recently appointed “Czar” of cryptocurrencies and artificial intelligence (AI) by the Trump administration, made a resounding announcement during a historic conference. In front of an audience of investors, entrepreneurs, and regulators, he declared the end of the “persecution” of the crypto industry in the United States, a major turning point for the sector.
A New Era for Crypto in the United States
For several years now, the crypto industry has been facing an uncertain and often hostile regulatory framework in the United States. Under the previous administration, several crypto companies had been sued for alleged violations of securities laws, and regulators had multiplied sanctions against exchange platforms and DeFi projects. This situation had led numerous companies to establish themselves abroad, slowing down innovation in the country.
David Sacks thus announced a complete restructuring of US policy towards cryptocurrencies, stating that the era of excessive restrictions and arbitrary legal actions was over. “We want America to once again be a world leader in blockchain innovation,” he declared.
Concrete measures to encourage innovation
In his speech, David Sacks outlined several measures aimed at relaxing crypto regulation and encouraging investments in the sector. These include:
The creation of a clear framework for digital assets, differentiating cryptocurrencies from traditional financial securities.
The end of lawsuits against some crypto companies accused of minor regulatory violations.
The implementation of a regular dialogue between companies in the sector and federal authorities.