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Bitcoiner Michael Saylor Places Big Hopes on US ‘Crypto Czar’, Here’s Why
Michael Saylor, a prominent bitcoin advocate and the CEO of MicroStrategy, has expressed his optimism about the potential impact of the upcoming US administration. Specifically, he is pinning his hopes on the appointment of a “Crypto Czar” to oversee the development and implementation of cryptocurrency regulations in the United States.
In an interview with Bloomberg, Saylor emphasized that he believes the next administration will be more receptive to cryptocurrencies and blockchain technology than its predecessors have been. This sentiment is based on his interactions with President-elect Joe Biden’s transition team, who has reportedly expressed interest in exploring the potential benefits of cryptocurrencies for financial inclusion and economic growth.
Saylor’s enthusiasm is not unwarranted, given the increasing recognition that decentralized technologies can play a vital role in bridging the financial gap between developed and emerging economies. The crypto community has been vocal about the need for clear regulations to legitimize the space and unlock its full potential.
Moreover, Saylor’s friend Elon Musk, the CEO of Tesla and SpaceX, may also be involved in this process. As reported by media outlets, there are high chances that Musk might join forces with Sacks to supervise artificial intelligence and cryptocurrency development in the US administration.
It is essential to note that while Saylor is placing his hopes on the incoming administration’s approach to cryptocurrencies, he still emphasizes the need for the crypto community to be vigilant and prepared for any potential regulatory changes.
Source: u.today
