Keep pulling the thread on David Sacks.
The SEC under the Biden administration pursued a "regulation through enforcement" strategy for the crypto industry, where rules were not clarified beforehand.
The SEC's "regulation through enforcement" policy during the Biden administration caused the crypto industry to begin moving offshore from the United States.
Donald Trump has declared he would make the United States the "crypto capital of the planet" and would fire SEC Chairman Gary Gensler.
The Trump administration's approach to AI is to ensure the United States wins the global AI competition, primarily against China.
On July 23rd, Donald Trump delivered an AI policy speech outlining a pro-innovation, pro-infrastructure, pro-energy, and pro-export agenda.
During the Biden administration, founders of crypto companies were personally "debanked," meaning they were unable to open personal bank accounts.
Some AI companies with early leads, such as Anthropic, are engaging in a "regulatory capture" strategy to prevent new companies from developing AI.
Jack Clark, co-founder of Anthropic, admitted in a Q&A session that making people afraid of AI was part of the company's strategy to achieve a system of pre-approvals in Washington for releasing new models.
The Biden administration implemented the "Biden diffusion rule," which required every sale of a GPU on Earth to be licensed by the US government.
The Trump administration has rescinded the "Biden diffusion rule" that required government licensing for all GPU sales.
A government pre-approval system for new AI models would cause the United States to lose the AI race to China.
There are currently approximately 1,200 bills to regulate AI being considered in state legislatures across the United States.