FT: Trump's 'cryptocurrency Kingpin' Urged To Declare Victory And End Iran War

Further escalation could make the Gulf region uninhabitable.

US Presidential Advisor on Artificial Intelligence and Cryptocurrency David Sachs said the timing is right to declare a US victory over Iran and withdraw from the conflict. He said this on the All-In podcast, writes Financial Times.

Sachs expressed fears that the Islamic Republic would continue to pound oil and gas facilities in the Gulf, making the region nearly uninhabitable.

"[Further escalation] could make the Gulf region nearly uninhabitable. That would be a truly catastrophic scenario," Sachs said, particularly focusing on Saudi Arabia.

He added that if the war in the Middle East were to continue for weeks or months, it could lead to Israel's destruction. "Israel's air defense systems could be depleted ... And then there is a concern that it could escalate the war by contemplating the use of nuclear weapons," Sachs said.

The publication calls the crypto investor's words the first public signal of discontent with the U.S. military campaign within the Trump administration. Analysts note that Sachs' statement came after Iran threatened to strike the facilities of Google, Microsoft, Palantir, IBM, Nvidia and Oracle and other US companies in the Middle East.

How the Trump administration is responding to the escalation in Iran

The U.S. State Department's inspector general this month sent a letter to Democratic Senators Elizabeth Warren and Elissy Slotkin, that it was considering their request to investigate the involvement of Trump's special envoy Steve Whitkoff and David Sachs, the U.S. president's adviser on artificial intelligence and cryptocurrencies, in the decision to allow the export of advanced U.S.-made chips to the UAE. Whitkoff and Sachs' work on the issue has drawn the attention of senators because of reports of their financial ties to the UAE in the cryptocurrency sector.

High-ranking officials in the White House believe the US president sees Pentagon chief Pete Hegseth as his safety net and has deliberately taken a more moderate stance on the war, encouraging his defense secretary to keep beating the drums. A week earlier, Hegseth had declared that the war was "just beginning." Just hours later, the U.S. president announced that the war was "virtually over," that the Iranian military was effectively destroyed and that it could end "very soon."

Vice President J.D. Vance was skeptical of a U.S. strike on Iran on the eve of President Donald Trump's decision to go to war. Citing senior Trump administration officials, Politico reported, Vance was "skeptical," "worried about success" and "just opposed" to a war in Iran.

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