David Sacks hails President Donald Trump's executive order on crypto while slamming the Biden administration's 'prosecution and persecution' of the industry.
President Donald Trump's cryptocurrency czar, David Sacks, is celebrating after the president signed an executive order seeking to clarify regulations in the industry on Thursday, hailing his embrace of the industry while slamming the Biden administration for driving it away. In an exclusive interview with FOX Business' "The Evening Edit" on Friday, Sacks said Trump's actions showed he is following through on his campaign promise to make the U.S.
For the last four years, the Biden administration has basically prosecuted and persecuted crypto companies, really driving them offshore," Sacks told host Edward Lawrence. "I've heard so many outrageous stories by founders, by entrepreneurs, the Biden administration would not tell them what the rules of the road were, and they would then get prosecuted. And what the industry wants more than anything else is regulatory clarity.
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