A Trump administration official is placing blame on Sen. Elizabeth Warren for what he describes as the Biden-Harris administration’s restrictive stance on cryptocurrency during the last presidency.
David Sacks, who serves as the White House’s lead advisor on artificial intelligence and digital asset policy, made the claim during an appearance on Fox News Tuesday night.
Speaking to Jesse Watters, Sacks argued that President Biden was not the one driving crypto policy behind the scenes. “Let’s face it — it wasn’t Biden,” Sacks said.
“Elizabeth Warren controlled the autopen during that administration.”
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Sacks accused the Massachusetts Democrat of having a “pathological hatred” for digital currency and attempting to drive innovation offshore.
“She wants to drive this community offshore. She doesn’t want it happening in the United States,” he stated.
“That’s the wrong policy.”
🚨BREAKING: President Trump’s Crypto Czar David Sacks just exposed Elizabeth Warren aka “Pocahontas” as the one running Biden’s autopen:
“It wasn’t Biden. Elizabeth Warren controlled the autopen.” pic.twitter.com/B8o6Nc9hMF— Benny Johnson (@bennyjohnson) May 28, 2025
He later clarified to the New York Post that his comments were directed solely at the administration’s approach to cryptocurrency.
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“Just to be clear, I was talking about the issue of crypto,” he said.
“It won’t come as a surprise to anyone in the crypto community that Elizabeth Warren was calling the shots on crypto policy during the Biden administration.”
Warren’s connections to key regulatory figures such as Gary Gensler, the former chairman of the Securities and Exchange Commission, have drawn criticism from within the crypto industry.
Gensler has frequently voiced concerns about cryptocurrency markets and decentralized finance, citing risks to consumers and the financial system.
Warren, who serves as the top Democrat on the Senate Banking Committee, has maintained that strong oversight is essential to protect consumers.
“I believe that Democrats understand the importance of consumer protections and anti-money laundering curbs in any new financial product,” she told reporters earlier this year.
“All we’re looking for is a level playing field between crypto and all of the other financial systems.”
Currently, digital currencies face fewer federal restrictions than traditional financial assets such as stocks or bonds.
However, several members of Congress are pushing for regulatory clarity, including through bipartisan legislation like the GENIUS Act, which aims to establish clear rules for stablecoins—digital assets pegged to other financial instruments.
Sacks’ reference to the “autopen” echoes a broader criticism raised by President Trump and his allies.
The mechanical device, used to reproduce the president’s signature, has been cited by Trump as evidence that executive orders and pardons under Biden may lack legitimacy.
House Oversight Committee Chairman James Comer recently called for testimony from four former White House aides and Biden’s personal physician to investigate autopen use in the prior administration.
Though use of the autopen is not unprecedented—Presidents Barack Obama and Harry Truman both employed it—Trump and other GOP leaders have questioned whether its usage masked deeper concerns about Biden’s mental acuity while in office.
Meanwhile, President Trump has openly embraced cryptocurrency.
Earlier this year, he announced the formation of a U.S. strategic reserve for digital assets and launched his own memecoin, \$TRUMP, which has added to his net worth.
Recently, Trump hosted a dinner for the top 220 holders of \$TRUMP at his golf course in Northern Virginia.
Vice President JD Vance also spoke at a crypto event in Las Vegas on Wednesday and disclosed his personal holdings in Bitcoin.
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He said crypto is the last hedge against corrupt elites, rigged systems, and weaponized tech.What a moment.Vice President JD Vance walked onto the stage and torched the political… pic.twitter.com/MRHdaXhi0o— The Vigilant Fox 🦊 (@VigilantFox) May 28, 2025
“Consumer confidence is hitting new highs and Bitcoin confidence is hitting new highs,” Sacks said from the Las Vegas event.
“This was a community that a year ago, was completely under siege. They were being prosecuted. They were being subjected to lawfare. They just wanted to know what the rules were. They said give us fair rules and we’ll abide by them. The Biden administration would never do that.”
🚨🇺🇸DAVID SACKS: TRUMP PROMISED TO MAKE THE U.S. THE CRYPTO CAPITAL OF THE PLANET"Consumer and Bitcoin confidence are hitting new highs.A year ago, this community faced lawfare and persecution.Trump promised to make the U.S. the crypto capital of the planet, cleared red… https://t.co/S1QKSXaTF7 pic.twitter.com/mMGpbxAgc1
— Mario Nawfal (@MarioNawfal) May 28, 2025
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