Sacks unveils plan for U.S. Bitcoin reserve funded without taxes or debt.
Warren raises ethics concerns and warns crypto could aid U.S. adversaries.
David Sacks, the Trump administration’s AI and crypto czar, has ignited a political firestorm over the future of digital assets in the U.S. In a flurry of public statements and interviews, Sacks accused Senator Elizabeth Warren of harboring a “pathological hatred” for crypto and working to drive the industry offshore.
Appearing on Fox Business on May 27 and later at the Bitcoin 2025 conference, Sacks declared, “Cryptocurrencies are the future financial system.” He emphasized that the Trump administration had reversed years of anti-crypto policy within its first 100 days in office.
Sacks highlighted new initiatives, including the Strategic Digital Asset Reserve, which allows the U.S. to increase Bitcoin holdings without raising taxes or debt—by reallocating unused funds.
“If Treasury or Commerce can find the mo
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