GM Explorer,

The crypto and AI industries just got a new boss!

Trump has officially appointed the much-anticipated “Crypto Czar.” Curious about who’s now holding the reins to the future of crypto? Let’s get you up to speed.

Here’s what we got for you today:

• 🧑‍💼 Trump appoints “Crypto Czar.”

• 😲 Bitcoin's rise spurs FT's apology!

• 🧱 Around the Block: Hawk Tuah girl faces backlash as her memecoin ‘HAWK’ dumps 90%.

🧑‍💼 Trump appoints “Crypto Czar.”

President-elect Donald Trump just made a strategic move by tapping David Sacks, the former PayPal COO and crypto evangelist, as his "White House A.I. & Crypto Czar!”

Now, before you start wondering if "czar" is a real job title, it’s not; though it sounds pretty regal, it’s actually more of a fun nickname, but one that comes with some hefty responsibilities.

So, what are these responsibilities:

For one, Sacks is tasked with cutting through the regulatory fog that’s been suffocating the crypto industry and finally giving digital currencies like Bitcoin the clarity and freedom they need to thrive in the U.S. without getting tangled in endless red tape.

And his credentials? Let's say it isn’t just sparkling—it’s practically glowing neon.

He co-founded venture firm Craft Ventures, led PayPal in its early days, was the former chief executive of software company Zenefits, founded Yammer, a social network for enterprise users, and even dabbled in crypto himself.

So, when it comes to understanding the digital finance world, he’s pretty much a walking encyclopedia (but with fewer boring facts and more investment moves).

Tech investors like Elad Gil (who’s backed companies like Airbnb) are already calling the appointment a “strong move.”

Even OpenAI CEO Sam Altman hopped on social media to give him a shoutout.

What’s more, this is just one part of Trump’s broader strategy to fill his administration with crypto-friendly allies.

Just the day before, Trump nominated Paul Atkins, another crypto supporter, to lead the SEC, making the future of crypto in the U.S. look... Well, pretty darn bullish.

Oh, and by the way, Sacks isn’t just a tech mogul—he’s also one of the infamous “PayPal Mafia,” alongside Elon Musk and Peter Thiel.

So yeah, he’s got some serious connections in both the tech and crypto worlds.💪

And for anyone wondering what he thinks about crypto, Sacks has been a fan since the beginning, even calling Bitcoin the "internet of money" back in 2017.

And just to top things off, he’s also set to lead a White House advisory council on science and technology, making him a key player in shaping not just crypto but the future of tech policy in the U.S.

Overall, it seems Trump is sticking to his promise, and we’re hopeful his choices will pave the way for a major shift toward lighter regulation in the tech and crypto sectors.

As for the new “czar,” time will tell if his vision for a "decentralized web" aligns with the industry’s aspirations and whether his leadership can truly steer U.S. policy into new, exciting territories.

If not, well, fingers crossed—we really don’t need another Gensler saga dragging on for years.😬

Check out the full report for more details.

😲 Bitcoin's Rise Spurs FT's Apology!

In a shocking twist that has everyone talking, the Financial Times has issued an unexpected apology for its longstanding skepticism toward Bitcoin.

Can you believe it? 🤯

This apology comes on the heels of Bitcoin crossing the monumental $100,000 mark—something many thought would remain a distant dream! 

The FT Alphaville team candidly reflected on their past critiques, describing Bitcoin as inefficient and overhyped.

While they still stand by their rigorous analysis, they expressed regret towards readers who may have shied away from investing due to their coverage.

So, what’s the lesson here?

Even the staunchest skeptics are beginning to rethink their positions as Bitcoin continues to redefine our financial landscape.

This serves as a powerful reminder to stay curious and keep an open mind.

Trends change rapidly, and what’s viewed as a disruptor today could very well become the cornerstone of tomorrow's success!

Dive into the FT's unexpected apology here.

🧱 Around The Block

• Hawk Tuah girl faces backlash as her memecoin ‘HAWK’ dumps 90%.

• Man narrows landfill search for $771 million Bitcoin hard drive with "finely tuned" plan.

• Bukele’s Bitcoin strategy reaps $333M profit for El Salvador.

• A new controversial memecoin called “Deny. Defend. Depose.” released

• Alex Mashinsky faces 30 years in prison for his role in the collapse of Celsius.

• Crypto VCs say it's still too early to sell this cycle.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.