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hey guys breaking news story coming across my feet I don't know if you can pull this up Nick but there's a video trending on the internet apparently an executive order has just gone across the president's desk and it was delivered by none other than a gentlem David Sachs I now there's a name I haven't heard in a long time crypto EO we're going to be forming a internal working group to make uh crypto to make America the world capital in crypto under your leadership which is really going up right absolutely here we go whoa look at this what he's using a Sharpie there to sign these executive orders oh sax gets to keep the pen there it is an executive order I love how he holds them up it's so great I wonder if gets to keep that they might not be excited but they going to make a lot of money for the country and so is David oh your reaction jaman I think this is great so we're going to make crypto great again I'll be a little bit more specific so I think that there are a handful of ideas that if we can Implement them correctly are really revolutionary I think that it's good to have a stockpile of crypto I have less of an opinion on that I think a set of stable coin rails that makes payments instantaneous and Costless is an enormous acceleration to GDP it would cut fraud and I think that David's gonna go and figure that out and he's you're talking about stable coins specifically stable coins I mean I I talked about this at the beginning of the year as my sort of one of my predictions but I do think that the United States stable coin rails will be hugely disruptive and value added he's going to have help from the head of the SEC and the head of Treasury to do it I just think it's great I think saaks is already off to a hugely fast start the entire country knows that we need to win the AI race the the numbers are the numbers you put up a chart like that Thomas there's only one way for us to win and that's to build more nuclear power plants and so I think he's just got to hammer this through and let's see who tries to stop it I don't know if AOC or Elizabeth Warren pocah Bernie Sanders who wants to jump in front of this Trump train right now but I think you get slaughtered if only there was somebody who could comment on this executive order that's what I need you know chath if I had the bat phone if I could call somebody who call phone a friend who would you call I don't know you know I had my Saxy poo was always on speed dial we used to hang in we have these great battles here on the Pod then we go play chess together we go have some drinks at the battery but you know that was a different error and you know I don't got my boy anymore he's busy oh do we got body thanks for tuning in to the all-in podcast I'm your host Jason calanis we will see you next time bye what what there he is there he is he's back back to reclaim his seat it's yours home we miss you buddy you look so handsome gonna cry 61 days on my bestie we miss you were you just in the Oval Office I was just in the Oval Office first time in the Oval Office let me ask you a question was that your first time in the oval well technically it was my second but on a recent episode of the all-in podcast shath dropped a bombshell that sent ripples across the stock market dollar denominated stable coins are positioned to take the financial World by storm potentially overtaking established payment giants like Visa although not all details are disclosed yet this bold Proclamation sets the stage for an intriguing Financial Evolution with figures that command attention welcome come back to investra crypto again the goal here is to identify and make recommendations that the Departments would then take back and they could execute and just again with the goal of making America the world capital of crypto as the president set of Davos today and then the other two sex yeah so that's crypto next one's AI so the the number one thing that that EO does is resend the the Biden EO which we talked about on this podcast I don't know how many episodes ago but remember it was this 100 page monstrosity of burdensome regulation and the president had promised on the campaign Trail to repeal that and he did so it got rescinded actually there was a master EO on Monday that contained dozens of Biden era EOS that got Mass rescinded this one provided a little bit more detail on it basically said that that EO was UN necessarily burdensome it said that we want to be the world leader in AI in fact it us the word dominate you want we want to basically have Global dominance in Ai and similar to what we're doing on the crypto side it directs the creation of a AI action plan and that study will be led by three people the National Security adviser who is Mike Waltz the director of the office of Science and Technology policy who will be Michael katos as soon as he's Sate confirmed and then the third person is me so the three of us are going to work together on this AI action plan and the idea is to figure out what is it that the industry actually needs to make us number one globally in AI so it's putting a little bit more substance behind like what this what the SAR R means and the last one is to build a a science Council I don't know if everybody's familiar with that so maybe you could just describe what that is generally for the audience well pcast has been around for a long time I mean I think it's you know been around for decades and the the goal of pcast is to assemble a group of top Science and Technology Minds to provide the president with advice so this was already announced but basically me and Michael cros who I mentioned before is going to be the director of ostp we're going to be coach during that and this is an EO that provides the authorizing language to set that up and then it provides some direction around what pcast is going to do I think some of the language that freeberg may like is just it talks about the the need to return to kind of truth-telling in science and kind of getting away from from woke science the AI order this as well we don't want AI models to be ideologically biased have an agenda I don't know if it uses the word woke AI but that's basically what it's talking about we want AI models to be as politically unbiased as possible well if you need a recommendation for somebody for the council I know somebody who is extremely well versed on science he's got a broad array of science knowledge here here yeah I have an idea then we could have two besties in the in and around the White House hey well you know thanks for including us in in so many aspects of the weekend and the audience really wants to know what are the chances we we get uh sacks back on the Pod now and again in 2025 um and we do appreciate the sacrifice you're making we're doing it right now but in the realm of Finance shath Palapa is no stranger to Making Waves and his recent assertions about stable coins might just be the tsunami the financial World never saw coming the numbers speak for themselves by 2024's second quarter stable coins had facilitated an astounding 1.1 billion transactions moving $8.5 trillion figures so staggering they effortlessly dwarf the transaction volumes of Visa well first of all it was completely consistent with everything the president had said during the campaign and so you really felt like he he has a mandate here because this is everything he said during the campaign it remind me a lot of there's that famous quote by by Abraham Lincoln that public sentiment is everything with it you can accomplish anything without it you can't do anything and it really felt like that inauguration speech was full of substance but it was substance that the president had delivered on the campaign Trail and so when he won this Victory where he only won the presidency he won the popular vote he won seven out of seven swing states he won the house he won the Senate it really feels like he has a mandate and I think he reiterated that mandate in his speech and then of course just the the cherry on top is just that you know the losers just have to sit there and and listen to it well kudos to them for coming out and keeping the tradition yeah well yeah and when he's talking about the corrupt establishment that tried to put him in prison through this lawfare I mean he's talking about some of those people are sitting behind him I just thought it was remarkable a remarkable despite the increased regulatory scrutiny that digital assets are facing chathan Visions a future were the unique advantages of blockchain coupled with stable coins prowess and crossbo border settlements will eventually win over even the staunchest Skeptics but before going any further if you made it this far into the video thank you these videos take a lot of effort and time to make so if you enjoyed them please hit the like button and subscribe to the channel this goes a long way in helping us grow that said back to the video do you want to take us back saacks on how you because you haven't talked about this publicly but how did you end up I guess getting the offer for the role deciding to take the role anything you want to share anecdotally on on the the P to get here I don't know that there's that much to report you know I was helping with the transition and I got offered the the role and decid to do it so I mean look it's not something I was expecting or planning as you guys know I didn't even know there was going to be such a role but when they they decided to create it and they offered it to me and so I decided to do it you know just one thing I should clarify just to make clear is there's still some things I can't do yet in the role because there's a whole government ethics process that you have to go through and I'm in I'm in the midst of that process so we've signed these EOS it's given me certain responsibilities and authorized me to do certain things and that process is going to begin as soon as I complete this um I guess you call it onboarding so just to be clear about that there's things I can do there's things I can't do I can kind of be in listing mode I can't be necessarily shaping policy yet so that's all going to be worked through over the next couple weeks all right sax I got to ask first time in the oval what's going through your mind yeah great question my head was was on a swivel you know one of those moments you're like you can't really believe that you're you're there it does feel a little bit like you're on a movie set I mean it's so famous obviously to be in that it bigger in person or is it smaller in person how what is it I thought it seemed about the right size I know that's that one of the things people say about it is that it's smaller than you expect I didn't feel like it was smaller but it also didn't feel bigger it felt felt like you know the Oval Office that you've always seen the other people are in there who've been in there the staffers who've been in there a hundred or a thousand times it's obviously it wears off and it's like just where they do their work but yeah in an era where Financial agility and efficiency are of Paramount importance the Ascension of stable coins offers a tantalizing opportunity for investors seeking the next Frontier in financial technology the endorsement by Financial luminary chamath piapa signals a Time ripe for potential growth and investment in this space but are you ready to ride the wave share your thoughts and finally if you would like to know more about cryptocurrencies or specifically Bitcoin go ahead and click on the next video on your screen see you there
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