""All the entrepreneurs I've talked to over the years say the same thing - just tell us what the rules are," Sacks said. "During the Biden years, you had an SEC chairman who took an approach, which I guess has been called regulation through enforcement, which basically means you just get prosecuted.""
""Providing certainty means entrepreneurs can build here in America," he added."
""I only care about one thing: will we be number one in crypto.""
David Sacks urges America to reclaim leadership in digital innovation by treating crypto and AI as central pillars and by establishing clear regulatory standards to keep innovation onshore. He criticizes regulation-by-enforcement under the SEC for creating uncertainty and prosecuting entrepreneurs instead of providing rules. A federal crypto framework is presented as necessary to protect consumers while fostering competitiveness. A campaign pledge to make the U.S. the crypto capital resonated with voters. Competition with China in AI and the availability of abundant energy are highlighted as strategic factors for powering future technologies. Regulatory certainty enables entrepreneurs to build in the United States.
Read at Bitcoin Magazine
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