David Sacks

With today’s vote to advance crypto market structure legislation out of the @SenateAg Committee, we are one step closer to establishing the necessary regulatory framework to make the United States the crypto capital of the world. Thank you to Chairman @JohnBoozman as well as his staff for their leadership throughout this process. While the vote was partisan, a number of Democrat members stated their commitment to passing this important legislation. We will continue to work with them on a bipartisan basis to achieve that goal.

Extraordinarily excited to have the leadership of @MichaelSelig as Chair of CFTC at this critical juncture for digital assets. Along with SEC Chair @SECPaulSAtkins, President Trump has created a dream team to define clear regulatory guidelines for the 21st century.

We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January. Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!

Preventing AI bias and censorship is a key concern of many conservatives and others across the political spectrum. To address this, on July 23, 2025, President Trump signed Executive Order 14319, “Preventing Woke Al in the Federal Government.” This E.O. was designed to ensure that Large Language Models (LLMs) procured by the Federal Government produce accurate and reliable outputs free from harmful ideological biases or social agendas like DEI. The E.O. identified two key principles that must be respected: Truth-seeking and Ideological Neutrality. This week, the OMB, under the outstanding leadership of Director @russvought, took important follow-up action to operationalize these principles across government agencies. You can read that guidance here: whitehouse.gov/wp-content/up… Thank you to President Trump for his leadership preventing AI bias and censorship. Many of us remember the dark days of censorship, deplatforming, and shadowbanning that occurred under the previous administration. That can never be allowed to happen again as we move into the new world of AI — and thanks to President Trump, it won’t.

Congratulations to @UnderSecE Jacob Helberg on the formation of Pax Silica, the State Department’s new flagship effort on AI and supply chain security. One of the key ways to win a technology race is to create the largest ecosystem. Pax Silica helps us do that.

The Senate Ag Committee has released a bipartisan draft of market structure legislation. Thanks to Chairman @JohnBoozman and Senator @SenBooker’s leadership, we are a major step closer to providing the regulatory clarity needed to make the U.S. the crypto capital of the world.

Thank you Chairman @JohnBoozman & Senator @CoryBooker @SenBooker for a constructive discussion today about the crypto market structure legislation before Senate Ag Committee. I am encouraged by the great progress so far, and look forward to a bipartisan draft in the near future.

President Trump has made an excellent choice in Mike Selig to lead the @CFTC. As anyone who knows him will attest, @michaelselig is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s competitiveness in the digital asset era. Mike has not only been instrumental in driving forward the President’s crypto agenda as Chief Counsel of the SEC Crypto Task Force, he also brings deep experience in traditional commodities markets from his time working at the CFTC under former Chairman Chris Giancarlo @giancarloMKTS. On behalf of the President’s Working Group on Digital Assets, @patrickjwitt and I look forward to continuing our work with Mike to deliver on President Trump’s promise to make the U.S. the crypto capital of the planet.

I spent today on Capitol Hill meeting with the members of the Senate @BankingGOP and @SenateAgGOP Committees; thank you to their respective Chairmen @SenatorTimScott and @JohnBoozman for hosting me. I also had productive meetings with leading Democratic members, and believe we are in excellent position to pass market structure legislation with bipartisan support this year. This will finally bring much-needed regulatory clarity to the crypto industry, building on the success of the Genius Act, signed into law by President Trump earlier this year. The Executive Director of the White House Crypto Council @patrickjwitt also joined me. Finally, I had the great pleasure of meeting the famous @BabydogJustice.

Dr. Oz is doing an amazing job modernizing our healthcare system. But he needs great technologists to help him. This is a once-in-a-lifetime opportunity to improve care for millions as part of the Trump Administration and MAHA. Apply now at usds.gov/apply and mention CMS! @DrOzCMS

This was an incredible moment to be part of today as President Trump signed an executive order to apply AI to @NIH’s childhood cancer database to unlock new treatments. Thank you @StephMcMahon for your advocacy and @SecKennedy @DrJBhattacharya @mkratsios47 for your leadership.

Thank you to the First Lady Melania Trump for prioritizing AI education for all of America’s school children. Teaching AI skills is the ultimate provider of equality of opportunity and ensures that America remains globally competitive throughout this century.

Only President Trump could convene so many tech leaders in one place. We had a constructive conversation about how to grow the economy with new infrastructure spending. This will benefit not only software companies but manufacturing, energy, construction, the trades and workers.

Thank you @FLOTUS @MelaniaTrump for championing the Presidential AI Challenge. Your leadership is inspiring students across the country to embrace AI innovation. Grateful for your dedication to empowering students and educators to lead America in the global AI race!

Many in Washington need to update their assumptions regarding Chinese semiconductor manufacturing capacity. According to FT today, Chinese companies like Huawei, SMIC, and Cambricon are surging production. They will soon be competing with American chips globally. Fortunately, Chinese chips are still behind ours due to a far-sighted decision by the first Trump administration to prevent China from having EUV lithography. That was a wise export control. But other export controls, like the now-rescinded Biden Diffusion Rule, were not. In each case, we must ask the question, does this help the American tech stack dominate the world? What maximizes our global market share? If we look around the world in 5 years and see that the Global South is running on Huawei Cloud Matrix + DeepSeek, for example, that’s not the outcome we want. As President Trump said in his AI speech on July 23: “The last administration was obsessed with imposing restrictions on AI, including extreme restrictions on its exports. As you know, they made it very difficult to export. This alienated American partners and drove even our friends into the arms of China and other countries.” “Under my administration, we will maintain necessary protections for our national security, but we will never forget that the greatest threat of all is to forfeit the race and force our partners into rival technology. We're not going to do that.” Biden’s overzealous regulations were predicated on the assumption that China couldn’t produce enough chips for export, so it didn’t matter how much regulatory burden was imposed on American AI companies. Today’s report exposes the falsity of that view. The U.S. government should help our American AI companies win this global competition. It is time to embrace President Trump’s vision that the American tech stack should dominate the world.