The Europeans, I mean, they have a really different mindset for all of this stuff. When they talk about AI leadership, what they mean is that they're taking the lead and defining the regulations. You know, they get together in Brussels and figure out what all the rules should be. And that's what they call leadership. It's almost like a game show or something. They do everything they can to strangle them in their crib. And then if they make it through like a decade of abuse in small companies, then they're going to give the money to grow.

Ron Reagan had a line about they can to strangle them in their crib. And then if they make it through like a decade of abuse in small companies,

then they're going to give the money to grow.

Ron Reagan had a line about this, which is if it moves, tax it, if it keeps moving, regulated.

If it stops moving, subsidize it.

The Europeans are definitely at the subsidized stage.

AI and crypto now sit at the center of the global race for technological and economic leadership.

Today, you'll hear from David Sacks, Mark Andresen, and Ben Horowitz on what it takes for America to stay ahead.

We discussed the Trump administration's new approach to AI and crypto policy, the balance between innovation and regulation, and how the U.S. can lead on energy, chips, and open source

while avoiding the mistakes of overregulation. Let's get into it.

David, welcome to the A6Z podcast. Thanks for joining. Yeah, good to be here. So David, you're

the AI and Crypto czar. Why don't you first talk about why it makes sense to have those as a portfolio? What do they have to do with each other? And then I'll have you lay out with the Trump plan on those two categories and how we're doing. Well, there are two technologies that I guess are relatively new. And so there's a lot of fear of them. And I think people don't necessarily know that much about them. They don't really know what to make of them.

I think that from a policy standpoint, and we can talk about the similarities and differences,

the approaches are a little different. I think with crypto, the main thing that's needed is regulatory certainty. All the entrepreneurs I've talked to over the years, they all say the same

thing, which is just tell us what the rules are.

We're happy to comply, but Washington won't tell us what they are.

And in fact, during the Biden years, you had an SEC chairman who took an approach,

which I guess has been called regulation through enforcement, which basically means you just get prosecuted.

They don't tell you what the rules are.

You just basically get indicted. And then everyone They don't tell you what the rules are. You just basically get indicted.

And then everyone else is supposed to divine what the rules are

as you get prosecuted and fined and imprisoned.

...