David Sachs beats Elizabeth Warren for blocking crypto innovation under Biden

White House AI and Crypto Czar’s David Sacks have made it clear that the Trump administration is all in crypto. In a Fox business interview on May 27, Sachs said, “Cryptocurrency is the financial system of the future,” highlighting the need to promote the industry. He pointed out great progress in the first 100 days. Among them, he reversed what he called long-standing anti-cryptography policies and submitted campaign promises.

Recently he accused Senator Elizabeth Warren of being an autopen in Biden’s era to stop innovation following her anti-cryptic stance. This war within the political field came after Warren publicly criticised Trump and the bag for using crypto for his own benefit.

Warren is back to Trump’s “big beautiful bill”

Not everyone is happy with this shift. Senator Elizabeth Warren blows up a new bill that passed the house slightly, calling it a giveaway to the rich and a blow to Medicaid. She is a longtime critic of cryptography and denounces the administration’s cozy relationship with the industry.

The Sax fires at Warren and calls it Crypto’s biggest enemy

There was no sack either. He accused him of having Warren Want to get out of the US “morbid hatred” for cryptography and his favourite victory so far? When I refunded the CFPB, Warren, Watchdog Agency, helped create it. He called it her “personal goon squad.” Sacks also praised future crypto-friendly laws, such as the Stablecoin Bill and The Genius Act.

Warren raises ethical concerns

In response, Warren questioned Sachs’ ethics and pointed out that he would advise on crypto policy while running a venture capital firm investing in crypto. Normally it’s a conflict of interest, but the Trump administration has given him an ethics exemption and allowed him to help shape policies that could benefit his own investments.

The code debate in Washington is intensifying and it has become personal.

Sack suggests buying more bitcoin

But despite the controversy, Sachs revealed something new to the Trump administration Strategic Digital Asset Reserve The US can allow it to purchase more Bitcoin if it is funded without increasing its national debt. Speaking at the Bitcoin 2025 conference, Sacks said the reserve has already sown Bitcoin seized by the Treasury, but it also allows for future purchases. The government can expand its holdings of Bitcoin if commercial or finance officials can redistribut the funds from under-use programs without new taxes or borrowings.