David Sacks, White House AI and Crypto Czar, joins Marc, Ben, and Erik to explore what's really happening inside the Trump administration's AI and crypto strategy. They expose the regulatory capture playbook being pushed by certain AI companies, explain why open source is America's secret weapon, and detail the infrastructure crisis that could determine who wins the global AI race. Timestamps: 00:00 Intro 00:38 Why AI and crypto fit together 02:15 Making America the crypto capital 05:00 AI strategy shift: Innovation over fear 06:10 The crypto crackdown and de-banking years 08:50 Anthropic, regulatory capture, and AI gatekeeping 10:58 Why "permissionless innovation" built Silicon Valley 14:42 “Woke” vs. Orwellian AI and narrative control 21:20 The AGI hype cycle and Goldilocks reality 24:55 AI’s rise: Specialized models, agents, and synergy 33:40 The coming wave of open source competition 41:10 The AI race with China: Policy, energy, and exports 47:01 Federal vs. state overreach and regulation chaos 50:50 Infrastructure NIMBY-ism, energy and data centers 54:28 Europe’s AI “leadership” 56:30 AI Doomerism, Pseudoscience and Existential Risk 1:02:30 The DeepSeek Moment and China's Relative Progress 1:06:20 Crypto clarity: Genius Act and next-gen regulation 1:10:40 The Evolving Democratic Party 1:13:30 The Future of San Francisco Follow David Sacks on X: https://x.com/DavidSacks Follow Marc on X: https://x.com/pmarca Follow Ben on X: https://x.com/bhorowitz Find a16z on X: https://x.com/a16z Find a16z on LinkedIn: https://www.linkedin.com/company/a16z Listen to the a16z Podcast on Spotify: https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX Listen to the a16z Podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711 Follow our host: https://x.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.