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The Latest Breaking News from David Sacks

Here’s why the price of Bitcoin dropped right after Trump created a strategic crypto reserve

The crypto reserve order “fell short of creating the extra market demand that many had hoped for.”

Now A Believer, Trump Hosts White House Crypto Summit

Now A Believer, Trump Hosts White House Crypto Summit

Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns.

International Business Times

Bitcoin plunges as Trump’s strategic reserve fails to impress markets

Bitcoin plunges as Trump’s strategic reserve fails to impress markets

Cryptocurrency falls as much as 6 percent as lack of plans for government purchases disappoints investors.

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Trump Signs Executive Order Establishing 'Strategic Bitcoin Reserve'

President Donald Trump signed an executive order Thursday establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers.

International Business Times

Trump signs executive order to establish government bitcoin reserve

President Donald Trump has signed an executive order establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey towards possible mainstream acceptance

The Independent UK

Trump signs order for strategic crypto reserve, adds 200,000 seized Bitcoins

President Donald Trump promised Bitcoiners a strategic reserve during his appearance at a crypto conference in July.

Trump To Welcome Crypto Elite At White House

US President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday, as the field enjoys renewed momentum following his election.

International Business Times

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Trump's "crypto reserve" gets pushback

Trump's "crypto reserve" gets pushback

People have thoughts on Trump's plan for the government to purchase and hold digital tokens

President Trump To Host First-Ever White House Crypto Summit: What It Means For The Industry

President Trump To Host First-Ever White House Crypto Summit: What It Means For The Industry

President Trump will host crypto leaders Friday in the White House's first ever crypto summit, raising hopes for better regulations and clearer rules for the road for various cryptocurrency segments.

International Business Times

Crypto Industry Pushes For New Legislation Amid Political Shifts

Crypto Industry Pushes For New Legislation Amid Political Shifts

Crypto industry reacts to new congressional working group for regulation, emphasizing urgency for clarity and industry influence in politics.

Emboldened crypto industry seeks to cement political influence and mainstream acceptance

Emboldened crypto industry seeks to cement political influence and mainstream acceptance

The cryptocurrency industry is emboldened, impatient and eager to cement its influence in politics and mainstream financial systems

The Independent UK

The Trump admin will encourage—not hinder—U.S. leadership in blockchain technology and cryptocurrency. We must seize the moment

The Trump admin will encourage—not hinder—U.S. leadership in blockchain technology and cryptocurrency. We must seize the moment

After years of uncertainty under Biden, the Trump admin promises clear, consistent regulations for digital assets.

US Crypto Agenda Must Focus On 'Made In America'

US Crypto Agenda Must Focus On 'Made In America'

It did not take long for the "Crypto President's" appointed Crypto Czar, David Sacks, to arouse the interests of decentralized finance champions at home and abroad.

International Business Times

Elon Musk dodges DOGE scrutiny while expanding his power with Trump

Elon Musk dodges DOGE scrutiny while expanding his power with Trump

At the Education Department, DOGE employees are working out of a conference room on the seventh floor, which also houses the secretary’s office

The Independent UK

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International Business Times

Trump's Crypto Czar Says Strategic Bitcoin Reserve Review A Priority, But $BTC Unmoved

David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.

The Conversation

Why Trump’s meme coin is a cash grab

Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value.

Evening Standard

Inside Trump's crypto court: Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

International Business Times

Microsoft To Investigate Unauthorized Access To OpenAI Model Data By Group Tied To AI Firm DeepSeek

Microsoft and OpenAI are investigating reports that a group associated with Chinese AI startup DeepSeek may have unlawfully extracted data from OpenAI's API. This move comes after DeepSeek unveiled its own AI model, R1, which rivals OpenAI's offerings, stirring concerns in the global AI community.

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DeepSeek used OpenAI's model to train its competitor using ‘distillation,' White House AI czar says

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Tom’s Hardware

Microsoft and OpenAI investigate whether DeepSeek illicitly obtained data from ChatGPT

Sources at Open AI believe DeepSeek unlawfully distilled data from ChatGPT, Open AI and Microsoft begin investigation.

The Guardian - UK

Lloyds Banking Group to close another 136 branches – as it happened

The bank says that the shift to digital banking has prompted further branch closes

Trump seemed blindsided by the sudden rise of Chinese AI service DeepSeek. Here’s how he’ll help U.S. tech punch back, experts say

The Trump administration’s conflicting goals could undermine its response to DeepSeek.

International Business Times

Trump Warns Of 'Wake-up Call' As Low-cost Chinese AI Jolts Silicon Valley

Trump said the DeepSeek release "should be a wake-up call for our industries that we need to be laser-focused on competing to win." He argued that it could be a "positive" for US tech giants, adding: "instead of spending billions and billions, you'll spend less, and you'll come up with…

Trump's AI Czar Warns Of Chinese AI Advancements

DeepSeek's R1 AI model challenges industry leaders, sparking discussions on US competitiveness and regulations in the AI sector.

The Guardian - US

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

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