Washington Examiner

David Sacks alleges Elizabeth Warren controlled Biden’s autopen – Washington Examiner


Crypto czar David Sacks alleges Elizabeth Warren controlled Biden’s autopen and formed crypto regulations

Crypto czar David Sacks claimed Sen. Elizabeth Warren (D-MS) implemented the “wrong policy” on cryptocurrencies when she allegedly controlled then-President Joe Biden’s autopen.

While Republicans seek answers surrounding Biden’s use of the autopen, a machine that, when authorized by the president, allows anyone to duplicate the signature of the commander-in-chief onto a document. Earlier this month, House Oversight Committee Chair James Comer announced an investigation into the autopen, saying he believes “we’ve identified the staffer” who operated it.

While appearing on Fox News’s Primetime with Jesse Watters Tuesday, Sacks suggested Warren was behind the Biden administration’s autopen use.

“This is the financial system of the future and we have to encourage it. What the Biden administration was doing, and let’s face it, Elizabeth Warren controlled the autopen during that administration,” Sacks said. “She, for some reason, has this pathological hatred of the crypto community; she wants to drive this community offshore. She doesn’t want it happening in the United States. That’s the wrong policy. We want all the innovation happening here. This is the financial system of the future. It’s cheaper, it’s more efficient. We want it happening here, and I think people are thrilled that President Trump is making that possible.”

It remains to be seen if Sacks was speaking literally or figuratively in his claim of Warren’s control over the autopen. The Washington Examiner reached out to his agency for clarification.

The House Oversight Committee’s investigation into Biden’s use of the autopen centers on determining whether he was cognitively fit to authorize the use of the device.

While on Fox Business’s Varney & Co. Wednesday, Comer suggested that it’s possible the autopen was abused in its use.

“There is more evidence coming out by the second that would prove that Joe Biden wasn’t the one making decisions during the last 100 days of his administration,” Comer said.

The Washington Examiner reached out to the White House and Warren’s office for comment.

The previous Securities and Exchange Commission under former Chairman Gary Gensler was tough on the crypto industry. SEC enforcement actions against crypto companies nearly doubled from the time Gensler took over in 2021 until he left office.

Sacks is the first in any administration to take the title of crypto czar on behalf of the White House. In 2013, the venture capitalist announced that he purchased his first Bitcoin. Now, he will be in charge of crafting a legal framework for cryptocurrency in the United States.

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At the moment, Sacks’s advisors are determining whether cryptocurrencies will be commodities or securities, as they will determine whether these digital coins will have to disclose and register under the Securities Act of 1933 and the Securities Exchange Act of 1934.

The more traditional coins are “mined” when computers solve complex equations and are awarded with cryptocurrency, a process that requires significant energy and resources. This process is similar to other commodities like gold or silver. However, not every cryptocurrency is mined. For example, Ethereum, the second most valuable token, behaves more like a stock and could stand to be regulated as a security.



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